Iconic Sports Acquisition Corp. (ICNC.U) Prices Upsized $300M IPO
Iconic Sports Acquisition Corp. announced the pricing of its upsized $300 million IPO and its shares are expected to begin trading on the NYSE under the symbol “ICNC.U” Friday, October 22.
The new SPAC intends to capitalize on the ability of its sponsor group and management team to identify, acquire and accelerate a business in the global sports industry or an adjacent sector including data and analytics, media and technology. In doing so, the Company intends to focus its search on iconic businesses, including sports franchises, which will complement its differentiated expertise, benefit from its strategic and hands-on operational leadership and where it believes there are opportunities for attractive risk-adjusted returns and to build a platform for future investments.
The sponsor group behind Iconic Sports is a partnership between James G. Dinan, Alexander Knaster, Edward Eisler and Tifosy SponsorCo LLC, an affiliate of Tifosy Capital & Advisory, a leading boutique sports advisory firm. Iconic Sports is led by Co-CEOs Gianluca Vialli and Fausto Zanetton, who also serves as CFO, and EVPs Marco Re, Tim Williams, and Tommy Aylmer.
Total SPAC deal count for 2021 year-to-date is now 488. This offering is expected to close on Tuesday, October 26.
Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC are serving as joint book-running managers for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Simpson Thacher & Bartlett LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.