Lazard Growth Acquisition Corp. I (LGACU) Prices $500M IPO


Lazard Growth Acquisition Corp. I (LGACU) Prices $500M IPO

Lazard Growth Acquisition Corp. I announced the pricing of its $500 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “LGACU” Wednesday, February 10.

The new company aims to combine with a differentiated healthcare, technology, energy, financial or consumer business. Lazard I is led by Executive Chairman Alexander Stern, CEO Eyal Ofir, and CFO Mary Ann Deignan.

Total SPAC deal count for 2021 year-to-date is now 129 with $38.6 billion in gross proceeds raised. This offering is expected to close on Friday, February 12.

Goldman Sachs & Co. LLC is acting as the book-running managers for the offering. Cravath, Swaine & Moore LLP is serving as Issuer’s Counsel with Sullivan & Cromwell LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.