Cartesian Growth Corporation (GLBLU) Prices Upsized $300M IPO


Cartesian Growth Corporation (GLBLU) Prices Upsized $300M IPO

Cartesian Growth Corporation announced the pricing of its upsized $300 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “GLBLU,” on Wednesday, February 24.

The new company aims to combine with a high-growth business with a proven or potential transnational operations. Cartesian Growth is led by Chairman and CEO Peter Yu alongside CFO Gregory Armstrong.

Total SPAC deal count for 2021 year-to-date is now 170. This offering is expected to close on Friday, February 26.

Cantor Fitzgerald & Co. is acting as the sole book-running manager of the offering. Greenberg Traurig LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.