Bill Foley’s Austerlitz Acquisition I priced its IPO of 60 million units at a price of $10.00 per unit. The upsize is 20 percent greater than the 50 million units the SPAC initially planned to offer.
Units begin trading today on the NYSE under AUS.U. Each consists of one Class A ordinary share and one-fourth of one warrant, with each whole warrant execrisable for a share at $11.50. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under AUS and AUS WS, respectively.
The SPAC plans to target a business in financial technology or information and business services, which acts as an essential utility to industries that are core to the economy. Read more.
