IPO for SPAC KKR Acquisition Holdings I Corp (KAHC) Opens at $10

March 17, 2021 10:36 AM EDT

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Today's IPO for SPAC KKR Acquisition Holdings I Corp. (NYSE: KAHC) (NYSE: KHAC-U) opened for trading at $10 after pricing 120,000,000 units at a price of $10.00 per unit.

The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although the Company’s efforts to identify a prospective business combination opportunity will not be limited to a particular industry or geographic region, the Company’s acquisition and value creation strategy is to identify, acquire and build a company in the consumer or retail industries. The Company seeks to capitalize on the relationships, knowledge and experiences of its Chief Executive Officer and Executive Chairman, Glenn Murphy, and the KKR platform.

Citigroup Global Markets Inc. is acting as sole book-running manager. Academy Securities, Inc., AmeriVet Securities, Blaylock Van, LLC, Cabrera Capital Markets LLC, CastleOak Securities, L.P., C.L. King & Associates, Inc., Guzman & Company, Loop Capital Markets LLC, Samuel A. Ramirez & Company, Inc., Roberts & Ryan Investments, Inc., Siebert Williams Shank & Co., LLC and Telsey Advisory Group LLC are acting as co-managers.

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