Itiquira Acquisition Corp. (ITQRU) Prices $200M IPO


Itiquira Acquisition Corp. (ITQRU) Prices $200M IPO

Itiquira Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ITQRU” Thursday, February 4.

The new company aims to combine with a technology, healthcare, pharma, education or consumer business in Brazil. Itiquira is led by CEO and Chairman Paulo Carvalho and CFO Marcus Leonard Silberman alongside co-CIOs Pedro Chomnalez, Maria Alejandra Herrera, VP of Corporate Finance Tainah Salles Mendez, and Treasurer, Controller, and IR officer Gabriela Yu.

Total SPAC deal count for 2021 year-to-date is now 105 with $30.4 billion in gross proceeds raised. This offering is expected to close on Monday, February 8.

Citigroup Global Markets Inc. and UBS Securities LLC are acting as joint book-running managers. Paul Hastings 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 is acting as trustee.