Black Spade Acquisition Corp. (BSAQU) Prices $150M IPO


Black Spade Acquisition Corp. (BSAQU) Prices $150M IPO

Jul 16, 2021 IPOs by Marlena Haddad

Black Spade Acquisition Corp.  announced the pricing of its $150 million IPO and its shares are expected to begin trading on the New York Stock Exchange under the symbol “BSAQ.U” Friday, July 16.

The new SPAC aims to combine with a fundamentally sound target that focuses on enabling technology, lifestyle brands, or entertainment media and owns durable IP. Black Spade is led by Chairman and Co-CEO Dennis Tam, Co-CEO Kester Ng and President and CFO Francis Ng.

Total SPAC deal count for 2021 year-to-date is now 374. This offering is expected to close on Tuesday, July 20.

Citigroup Global Markets Inc. is acting as the sole bookrunner for this offering. JonesTrading Institutional Services LLC and Loop Capital Markets LLC are acting as co-managers for this offering. Davis Polk & Wardwell LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. Marcum Bernstein & Pinchuk LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.