IPO for SoftBank SPAC LDH Growth Corp I (LDHA) Opens at $10.02

March 19, 2021 10:24 AM EDT

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Today's IPO for SPAC LDH Growth Corp I (NASDAQ: LDHA) (NASDAQ: LDHAU) opened for trading at $10.02 after pricing 20,000,000 units at $10.00 per unit.

Citigroup and J.P. Morgan are serving as joint book-running managers for the offering.

LDH Growth Corp I is a special purpose acquisition company sponsored by a SoftBank Group Corp. affiliate and was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more high-growth businesses in the technology sector in the Latin American (“LatAm”) region. The Company is led by Marcelo Claure, the CEO of SoftBank Group International (“SBGI”) and the COO of SoftBank Group Corp.

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