Levere Holdings Corp. (LVRAU) Prices $250M IPO


Levere Holdings Corp. (LVRAU) Prices $250M IPO

Levere Holdings Corp. announced the pricing of its $250 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LVRAU”, Friday, March 19.

The new company aims to combine with a transportation technology target in the Europe, Middle East and Africa region. Levere is led by Chairman and CEO Martin Varsavsky, COO Yasmine Fage and CFO and CIO Stefan Krausse.

Total SPAC deal count for 2021 year-to-date is now 272. This offering is expected to close on Tuesday, March 23.

Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are acting as joint book-running managers in the offering.  Skadden, Arps, Slate, Meagher & Flom LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.