Colicity Inc. (COLIU) Prices Upsized $300M IPO


Colicity Inc. (COLIU) Prices Upsized $300M IPO

Colicity Inc. 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 “COLIU,” on Wednesday, February 24.

The new company aims to combine with a business that has a defensible position in intellectual property and strong recurring revenue. Colicity is led by Chairman and CEO Craig McCaw, CIO Randy Russell, and CFO and Secretary Steve Ednie.

Total SPAC deal count for 2021 year-to-date is now 169. This offering is expected to close on Friday, February 26.

Goldman Sachs & Co. LLC and PJT Partners LP are acting as the book-running managers of the offering. Winston & Strawn LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.