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

By: Renaissance Capital
Posted: 10/7/2013 3:40:00 PM
Referenced Stocks: LEVYU

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.