NextGen Acquisition Corp. II (NGCAU) Prices $350M IPO


NextGen Acquisition Corp. II (NGCAU) Prices $350M IPO

Mar 22, 2021 IPOs by Kristi Marvin

NextGen Acquisition Corp. II announced the pricing of its downsized $350 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NGCAU”, Tuesday, March 23.

The new company aims to combine with a company in the industrial, technology and healthcare sectors, which complements their founders’ expertise. Newbury Street is led by Co-Chairman George N. Mattson and Gregory L. Summe and Chief Financial Officer and Secretary Patrick T. Ford.

Total SPAC deal count for 2021 year-to-date is now 278. This offering is expected to close on Thursday, March 25.

EarlyBirdCapital, Inc. is acting as the sole book-running manager for the offering. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.