Pontem Corp. (PNTM.U) Prices Upsized $600M IPO


Pontem Corp. (PNTM.U) Prices Upsized $600M IPO

Jan 13, 2021 IPOs by Kristi Marvin

Pontem Corp. announced the pricing of its upsized $600 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “PNTM.U” Wednesday, January 13.

The new company aims to combine with established high-quality, disruptive businesses with unique technologies that have sustainable competitive advantages within the industrial sector. Pontem Corp. is led by Chairman and CEO Hubertus Muehlhaeuser and CFO Nina Murphy.

Total SPAC deal count for 2021 year-to-date is now 39 with $10.6 billion in gross proceeds raised. This offering is expected to close on Friday, January 15.

Credit Suisse Securities (USA) LLC and Guggenheim Securities, LLC are serving as joint book-running managers for this offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.