Ajax I (AJAX.U) Prices $750M IPO


Ajax I (AJAX.U) Prices $750M IPO

Ajax I announced the pricing of its $750 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “AJAX.U” tomorrow, Wednesday, October 28.

The new company aims to combine with a market-leading target in the internet, software, financial technology and consumer industries. Ajax is led by CEO and Director Daniel Och, President and Director Glenn Fuhrman, and CFO and Director  nominee J. Morgan Rutman.

Total SPAC deal count for 2020 year-to-date is now 165 with $61.3 billion in gross proceeds raised. This offering is expected to close on Friday, October 30.

Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering, PJT Partners LP and LionTree Advisors LLC are acting as co-lead managers for the offering and Academy Securities, Inc., Blaylock Van, LLC, CastleOak Securities, L.P., C.L. King & Associates, Inc., Loop Capital Markets LLC, Samuel A. Ramirez & Company, Inc., Roberts & Ryan Investments, Inc., Siebert Williams Shank & Co., LLC and Tigress Financial Partners LLC are acting as co-managers for the offering. Skadden, Arps, Slate Meagher & Flom LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.