L Catterton Asia Acquisition Corp (LCAAU) Prices $250M IPO


L Catterton Asia Acquisition Corp (LCAAU) Prices $250M IPO

L Catterton Asia Acquisition Corp. announced the pricing of its $250 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LCAAU”, Thursday, March 11.

The new company aims to combine with a high-growth, consumer technology target in Asia disrupting large a large incumbent industry. L Catterton Asia is led by Co-CEO and Chairman Chinta Bhagat alongside Co-CEO Scott Chen and President Howard Steyn.

Total SPAC deal count for 2021 year-to-date is now 242. This offering is expected to close on Monday, March 15.

Credit Suisse Securities (USA) LLC is acting as the sole book-running manager of the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Shearman & Sterling serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.