IPO for SPAC Artius Acquisition (AACQU) Opens Modestly Higher

Today's IPO for Artius Acquisition Inc. (NASDAQ: AACQU) opened for trading at $10.42 after pricing announced today that it priced its initial public offering of 63,000,000 units at $10.00 per unit.

Credit Suisse and Goldman Sachs & Co. LLC are acting as joint book-running managers. The Company has granted the underwriters a 45-day option to purchase up to an additional 9,450,000 units at the initial public offering price to cover over-allotments, if any.

The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on technology enabled businesses that directly or indirectly offer specific technology solutions, broader technology software and services, or financial services to companies of all sizes. The Company is co-founded by Charles Drucker, the former CEO of WorldPay, Inc., a leading payments company, and its predecessor company, Vantiv. Inc., and Boon Sim, the Founder and Managing Partner of Artius Capital Partners LLC.

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