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