Iconic Sports Acquisition pricied its upsized IPO of 30 million units at $10 each, up 5 million units more than initially registered earlier this month.
Units begin trading today on the NYSE under ICNC.U. Each consists of one Class A ordinary share and one-half of a warrant.
When the units begin separately trading, shares and warrants are expected to list under ICNC and ICNC WS.
The offering is expected to close Oct. 26.
Iconic Sports intends to acquire a business in the global sports industry or an adjacent sector including data and analytics, media and technology.
Credit Suisse and Morgan Stanley are joint book-running managers for the offering. The underwriters over-allotment option covers the purchase of up to an additional 4.5 million units. Read more.
