Magnum Opus Acquisition Limited (OPA.U) Prices $200M IPO


Magnum Opus Acquisition Limited (OPA.U) Prices $200M IPO

Magnum Opus Acquisition Limited announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “OPA.U”, Tuesday, March 23.

The new company aims to combine with a consumer, tech or media target valued between $700 million and $1.5 billion with attractive unit economics. Magnum Opus is led by Chairman and CEO Jonathan Lin, President Frank Han and CFO Kevin Lee.

Total SPAC deal count for 2021 year-to-date is now 288. This offering is expected to close on Thursday, March 25.

Credit Suisse Securities (USA) LLC is serving as the sole book-running manager for the offering with JonesTrading Institutional Services LLC serving as co-manager. White & Case 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.