IPO for SPAC Lazard Growth Acquisition Corp. I (LGAC) Opens at $10.55

February 10, 2021 11:01 AM EST

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Today's IPO for SPAC Lazard Growth Acquisition Corp. I (NASDAQ: LGAC) (NASDAQ: LGACU) opened for trading at $10.55 after pricing 50,000,000 units at a price of $10.00 per unit.

The Company is a newly organized blank check company, incorporated as a Cayman Islands exempted company 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 believes the growth-oriented subsectors of the healthcare, technology, energy transition, financial and consumer sectors present particularly attractive investment opportunities, although it will not be limited to a particular industry or geographic region in its identification and acquisition of a target company.

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Lazard, Definitive Agreement, IPO