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Blank check company Collier Creek prices upsized $400 million IPO at $10


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Collier Creek Holdings, a blank check company led by Pinnacle Foods Chairman Roger Deromedi, raised $400 million by offering 40 million units at $10. It originally planned to raise $350 million. Each unit consists of one share of common stock and one third of one warrant to purchase one share of common stock at $11.50. At $10, Collier Creek commands a market value of $496 million. 

Roger Deromedi, Co-Executive Chairman, has served as Independent Chairman of Pinnacle foods since 2016 after serving as Executive Chairman since 2007. Jason Giordano, Co-Executive Chairman, was a Managing Director in the private equity group at Blackstone from 2006 to 2017.

Collier Creek plans to list on the NYSE under the symbol CCH.U. Citi, Credit Suisse and BofA Merrill Lynch acted as lead managers on the deal.

The article Blank check company Collier Creek prices upsized $400 million IPO at $10 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

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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