Star Peak Corp II (STPC.U) Prices $350M IPO


Star Peak Corp II (STPC.U) Prices $350M IPO

Star Peak Corp II announced the pricing of its $350 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “STPC.U” Wednesday, January 6.

The new company aims to combine with a business working to improve sustainability in the wider economy that would be well received by public markets and ESG investors. Star Peak II is led by Chairman Michael C. Morgan, CEO Eric Scheyer and President Craig Rohr alongside CFO and Chief Accounting Officer Michael D. Wilds.

Total SPAC deal count for 2021 year-to-date is now 6 with $1.3 billion in gross proceeds raised. This offering is expected to close on Friday, January 8.

Credit Suisse Securities (USA) LLC and Goldman Sach’s & Co. LLC are acting as sbook-running managers for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.