Slam Corp. (SLAMU) Prices $500M IPO


Slam Corp. (SLAMU) Prices $500M IPO

Feb 22, 2021 IPOs by Kristi Marvin

Slam Corp. announced the pricing of its $500 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “SLAMU,” Tuesday, February 23.

Slam Corp. intends to focus on businesses in the sports, media, entertainment, health and wellness and consumer technology sectors. The company is led by Chairman Himanshu Gulati and Chief Executive Officer and Director Alex Rodriguez.

Total SPAC deal count for 2021 year-to-date is now 161. This offering is expected to close on Thursday, February 25.

Goldman Sachs & Co. LLC and BTIG, LLC are serving as joint book-running managers for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.