Simon Property Group Acquisition Holdings priced its IPO of 30 million units at $10 each.
Units start trading today on the NYSE under SPGS.U. Each consists of one share of Class A common stock and one-fifth of one redeemable warrant, each whole warrant entitling the holder to purchase one share of stock at $11.50. Once the securities constituting the units begin separate trading, stock and warrants will list under SPGS and SPGS WS, respectively.
The blank-check company is sponsored by SPG Sponsor, an indirect wholly-owned subsidiary of Simon Property Group. The SPAC is targeting innovative businesses that operate in the “Live, Work, Play, Stay, Shop” ecosystem. Read more.
