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Blank check company Legacy Acquisition sets terms for $300 million IPO

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Legacy Acquisition, a blank check company formed by former Proctor & Gamble executives, filed on Wednesday with the SEC for an initial public offering.

The Cincinnati, OH-based company plans to raise $300 million by offering 30 million units at a price of $10. At that price, Legacy Acquisition would command a fully market value of $375 million. Each unit consists of one share of common stock and one warrant to purchase one-half of one share exercisable at $11.50.

Legacy Acquisition Corp. was founded in 2017 and plans to list on the NYSE under the symbol LGCU. Wells Fargo Securities, Cantor Fitzgerald and Stifel are the joint bookrunners on the deal. IPO timing was not disclosed.

The article Blank check company Legacy Acquisition sets terms for $300 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, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , 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.


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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