SK Growth Opportunities priced its initial public offering of 20 million units at $10 each. The units list on the Nasdaq and begin trading today under the ticker symbol SKGRU. Each consists of one Class A ordinary share and one-half of a warrant.
When the securities begin separate trading, shares and warrants are expected to list under the symbols SKGR and SKGRW.
The offering is expected to close June 28.
Deutsche Bank Securities is sole book runner for the offering.
Auxo Capital Managers is the sponsor. SK is a global conglomerate based in Korea, operating across a diverse array of industries spanning multiple continents. A wholly-owned subsidiary of SK is the anchor investor in the SPAC’s sponsor. SK and its affiliated companies operate more than 125 businesses across the energy, life sciences, advanced materials, mobility, and semiconductors industries with over $130 billion in assets globally.
The new SPAC has said it will focus on ESG companies, especially those within the SK network. Read more.
