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

February 19, 2021 10:41 AM EST

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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.

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