Blank check company Levy Acquisition files and sets terms for $150 million IPO


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Levy Acquisition, a blank check company focused on acquiring businesses in the restaurant and hospitality sectors, announced terms for its IPO on Monday. The Chicago, IL-based company plans to raise $150 million by offering 15.0 million shares at $10 per share. At the midpoint of the proposed range, Levy Acquisition would command a market value of $188 million.

Levy Acquisition, which was founded in 2013, plans to list on the NASDAQ under the symbol LEVYU. Citi is the sole bookrunner on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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