Bill Foley’s Austerlitz Acquisition II priced its IPO of 120 million units at a price of $10 each, an upsize of 20 million more units than expected.
Units begin trading today on the NYSE under ASZ.U. Each consists of one Class A ordinary share and one-fourth of one warrant, with whole warrants exercisable at $11.50 per share. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under ASZ and ASZ WS, respectively.
The SPAC’s sponsor is an affiliate of Trasimene Capital Management, led by Foley.
The SPAC intends 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.
