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European tech blank check: Atlantic Alliance Partnership files and sets terms for $75 million IPO

Atlantic Alliance Partnership, a blank check company focused on the media, internet and consumer sectors in the UK and Europe, filed and set terms for its IPO on Monday.

The London, United Kingdom-based company plans to raise $75 million by offering 7.5 million shares at a price of $10. At the proposed price, Atlantic Alliance Partnership ( AAP ) would command a fully diluted market value of $97 million.

Unlike most blank check companies, AAP is not offering warrants in its offering.

Jonathan Goodwin is Chairman and CEO. Goodwin is the founder and CEO of Lepe Partners, a London-based merchant bank. Before that, served as Head of Global TMT (technology, media, telecom) investment banking at Jefferies. Goodwin served as co-founder and CEO of LongAcre Partners until Jefferies acquired the boutique investment bank in 2007 for an estimated £40 million.

Atlantic Alliance Partnership was formed in 2015 and plans to list on the NASDAQ under the symbol AAPC. Citi is the sole bookrunner on the deal.

The article European tech blank check: Atlantic Alliance Partnership files and sets terms for $75 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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