Act II Global Acquisition files for a $250 million IPO

Act II Global Acquisition, a blank check company targeting the consumer packaged goods and hospitality industries, filed on Friday with the SEC to raise up to $250 million in an initial public offering.

The New York, NY-based company plans to raise $250 million by offering 25 million units at a price of $10. At $10, Act II Global Acquisition would command a market value of $313 million. Each unit consists of one share of common stock and one-half of one warrant to purchase a share of common stock at $11.50.

Act II Global Acquisition was founded in 2018 and plans to list on the Nasdaq under the symbol ACTTU. J.P. Morgan and Cantor Fitzgerald are the joint bookrunners on the deal.

The article Act II Global Acquisition files for a $250 million IPO 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.

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