MSD Acquisition Corp. (MSDAU) Prices $500M IPO

MSD Acquisition Corp. announced the pricing of its $500 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “MSDAU”, Thursday, March 25.

The new company aims to combine with a media or technology target with sustainable competitive advantages and a robust economic model. MSD is led by CEO Gregg Lemkau, CFO John Cardoso and Chairman John Phelan.

Total SPAC deal count for 2021 year-to-date is now 296. This offering is expected to close on Monday, March 29.

Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are serving as the joint book-running managers for this offering. Kirkland & Ellis 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.