IPOs

Italy-focused SPAC Galileo Acquisition prices upsized IPO at $10

Galileo Acquisition, a blank check company targeting Italian businesses with North American growth strategies, raised $120 million by offering 12 million units at $10. The company originally filed to raise $100 million. Units consist of one share of common stock and one warrant exercisable at $11.50.

The SPAC is led by Chairman and CEO Luca Giacometti, who has previously led four blank check companies in Italy.

Galileo Acquisition plans to list on the NYSE under the symbol GLEO.U. EarlyBirdCapital acted as lead manager on the deal.

The article Italy-focused SPAC Galileo Acquisition prices upsized 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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