Bluescape Opportunities Acquisition Corp. (BOAC.U) Prices $575M IPO


Bluescape Opportunities Acquisition Corp. (BOAC.U) Prices $575M IPO

Bluescape Opportunities Acquisition Corp. announced the pricing of its $575 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “BOAC.U” tomorrow, Wednesday, October 28.

The new company aims to combine with a target that has abundant value creation opportunities and a defensible market position with potential for consolidation. Bluescape is led by Chairman and CEO C. John Wilder, President and COO Jonathan Siegler and CFO Lillian Meyer.

Total SPAC deal count for 2020 year-to-date is now 163 with $60.1 billion in gross proceeds raised. This offering is expected to close on Friday, October 30.

Citigroup Global Markets Inc. and Barclays Capital Inc. acted as book-running managers for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.