IPO for SPAC Simon Property Group Acquisition Holdings (SPGS) Opens at $10.60

February 19, 2021 10:41 AM EST

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Today's IPO for SPAC Simon Property Group Acquisition Holdings, Inc. (NYSE: SPGS) (NYSE: SPGSU) opened for trading at $10.60 after priding 30,000,000 units at $10.00 per unit.

The Company is sponsored by SPG Sponsor, LLC, an indirect wholly owned subsidiary of Simon Property Group, Inc. (NYSE: SPG), a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations. 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 or companies. It may pursue a business combination in any industry; however, it is targeting innovative businesses that operate in the “Live, Work, Play, Stay, Shop” ecosystem.

Goldman Sachs & Co. LLC is the underwriter for the offering.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

IPOs, SPAC

Related Entities

Goldman Sachs, Definitive Agreement, IPO, SPAC