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Cerberus SPAC Iron Horse Acquisition withdraws $300 million IPO

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Iron Horse Acquisition, a blank check company formed by executives of Cerberus Capital Management, withdrew its plans for an initial public offering on Thursday. It had originally filed to raise $500 million by offering 50 million units at a price range of $10, but later downsized its proposed offering to only 30 million units at the same price.

The New York, NY-based company was founded in 2017 and had planned to list on the NYSE under the symbol LOU.U. Citi and Goldman Sachs were set to be the joint bookrunners on the deal.

The article Cerberus SPAC Iron Horse Acquisition withdraws $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'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.


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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