Soaring Eagle Acquisition Corp. (SRNGU) Prices $1.5Bn IPO


Soaring Eagle Acquisition Corp. (SRNGU) Prices $1.5Bn IPO

Soaring Eagle Acquisition Corp. announced the pricing of its $1.5 billion IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “SRNGU,” on Wednesday, February 24.

The new company aims to combine with a business with strong free cash flow in a high-growth industry or market. Soaring Eagle is led by CEO and Chairman Harry E. Sloan alongside President, CFO and Secretary Eli Baker.

Total SPAC deal count for 2021 year-to-date is now 168. This offering is expected to close on Friday, February 26.

Goldman Sachs & Co. LLC is acting as the sole book-running manager of the offering. White & Case LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.