One Equity Partners Open Water I Corp. (OEPWU) Prices $300M IPO


One Equity Partners Open Water I Corp. (OEPWU) Prices $300M IPO

One Equity Partners Open Water I Corp. announced the pricing of its $300 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “OEPWU” Friday, January 22.

The new company aims to combine with a business in the technology, healthcare or specialty industrials sectors. One Equity is led by Co-Chairman and CEO R. Todd Bradley alongside Co-Chairman James Koven, CFO and Secretary Jessica Marion and Executive Vice Presidents David Lippin and Brad Coppens.

Total SPAC deal count for 2021 year-to-date is now 64 with $18.15 billion in gross proceeds raised. This offering is expected to close on Tuesday, January 26.

Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC are acting as book running managers for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.