Financial services firm's SPAC B. Riley Principal Merger prices IPO at $10
B. Riley Principal Merger, a blank check company formed by diversified financial services firm B. Riley Financial, raised $125 million by offering 12.5 million units at $10, as expected. Units consist of one share of common stock and one-half of one redeemable warrant exercisable at $11.50.
B. Riley Principal Merger plans to list on the NYSE under the symbol BRPM.U. B. Riley FBR acted as sole bookrunner on the deal.
The article Financial services firm's SPAC B. Riley Principal Merger prices 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.
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