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Neubergers new mergers: NB Capital Acquisition files and sets terms for $250 million IPO

NB Capital Acquisition, a blank check company formed and led by Anthony Tutrone, filed and announced terms for its IPO on Thursday.

The New York, NY-based company plans to raise $250 million by offering 25 million shares at a price of $10. At the proposed price, NB Capital Acquisition would command a fully diluted market value of $313 million.

NB Capital Acquisition, which was founded in 2015, plans to list on the Nasdaq under the symbol NBCPU. Citi is the sole bookrunner on the deal.

The article Neubergers new mergers: NB Capital Acquisition files and sets terms for $250 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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