Launch Two Acquisition Corp. Announces the Pricing of $200,000,000 Initial Public Offering
Launch Two Acquisition Corp. has announced the pricing of its initial public offering (IPO) of 20,000,000 units at $200,000,000. The units, consisting of one Class A ordinary share and one-half of one redeemable warrant, are expected to begin trading on Nasdaq under the symbol 'LPBBU' on October 8, 2024. The company, a blank check company, aims to merge or acquire businesses, focusing on technology and software infrastructure companies targeting financial services, real estate, and asset management sectors.
The IPO is expected to close on October 9, 2024, with Cantor Fitzgerald & Co. acting as the sole book-running manager. The company has granted underwriters a 45-day option to purchase up to an additional 3,000,000 units to cover over-allotments. Launch Two Acquisition Corp.'s management team is led by James J. McEntee III as CEO and Chairman, and Jurgen van de Vyver as CFO.
Launch Two Acquisition Corp. ha annunciato il prezzo della sua offerta pubblica iniziale (IPO) di 20.000.000 di unità a $200.000.000. Le unità, composte da una azione ordinaria di Classe A e da un mezzo warrant riscattabile, dovrebbero iniziare a essere scambiate su Nasdaq con il simbolo 'LPBBU' l'8 ottobre 2024. La società, una società di assegno in bianco, mira a fondere o acquisire aziende, concentrandosi su aziende di tecnologia e infrastruttura software che operano nei settori dei servizi finanziari, immobiliare e gestione patrimoniale.
L'IPO dovrebbe concludersi il 9 ottobre 2024, con Cantor Fitzgerald & Co. che agirà come l'unico gestore del libro. La società ha concesso agli underwriter un'opzione di 45 giorni per acquistare fino a ulteriori 3.000.000 di unità per coprire eventuali sovra-allocazioni. Il team di gestione di Launch Two Acquisition Corp. è guidato da James J. McEntee III come CEO e Presidente, e Jurgen van de Vyver come CFO.
Launch Two Acquisition Corp. ha anunciado la valoración de su oferta pública inicial (IPO) de 20,000,000 de unidades a $200,000,000. Las unidades, que consisten en una acción ordinaria Clase A y media garantía redimible, se espera que comiencen a cotizar en Nasdaq bajo el símbolo 'LPBBU' el 8 de octubre de 2024. La compañía, una empresa de cheque en blanco, tiene como objetivo fusionarse o adquirir negocios, centrándose en empresas de tecnología e infraestructura de software que apuntan a los sectores de servicios financieros, bienes raíces y gestión de activos.
Se espera que la IPO cierre el 9 de octubre de 2024, con Cantor Fitzgerald & Co. actuando como el único gerente del libro. La empresa ha otorgado a los suscriptores una opción de 45 días para comprar hasta 3,000,000 de unidades adicionales para cubrir sobreasignaciones. El equipo de gestión de Launch Two Acquisition Corp. está liderado por James J. McEntee III como CEO y Presidente, y Jurgen van de Vyver como CFO.
Launch Two Acquisition Corp.는 20,000,000개의 단위 초기 공모(IPO)의 가격을 $200,000,000으로 발표했습니다. 이 단위는 A 클래스 보통주 1주와 환매 가능한 보증서 0.5개로 구성되며, 2024년 10월 8일 'LPBBU'라는 기호로 나스닥에서 거래가 시작될 것으로 예상됩니다. 이 회사는 빈 체크 회사로서, 재무 서비스, 부동산 및 자산 관리 산업을 목표로 하는 기술 및 소프트웨어 인프라 회사와의 합병 또는 인수를 목표로 하고 있습니다.
IPO는 2024년 10월 9일에 종료될 예정이며, Cantor Fitzgerald & Co.가 유일한 북런닝 매니저로 활동합니다. 이 회사는 인수인에게 추가 3,000,000개의 단위를 구매할 수 있는 45일 옵션을 부여했습니다. Launch Two Acquisition Corp.의 관리 팀은 James J. McEntee III가 CEO 및 회장을, Jurgen van de Vyver가 CFO로 이끌고 있습니다.
Launch Two Acquisition Corp. a annoncé le prix de son introduction en bourse (IPO) de 20.000.000 d’unités à $200.000.000. Les unités, composées d'une action ordinaire de classe A et d'une demi-optio redimable, devraient commencer à être échangées sur le Nasdaq sous le symbole 'LPBBU' le 8 octobre 2024. La société, une société de chèque en blanc, vise à fusionner ou acquérir des entreprises, en se concentrant sur des entreprises de technologie et d'infrastructure logicielle ciblant les secteurs des services financiers, de l'immobilier et de la gestion d'actifs.
L'IPO devrait se clôturer le 9 octobre 2024, avec Cantor Fitzgerald & Co. agissant en tant que seul gestionnaire livre. La société a accordé aux souscripteurs une option de 45 jours pour acheter jusqu'à 3.000.000 d'unités supplémentaires afin de couvrir les surallocations. L'équipe de direction de Launch Two Acquisition Corp. est dirigée par James J. McEntee III en tant que PDG et Président, et Jurgen van de Vyver en tant que CFO.
Launch Two Acquisition Corp. hat die Preisgestaltung seines Börsengangs (IPO) von 20.000.000 Einheiten zu $200.000.000 bekannt gegeben. Die Einheiten, bestehend aus einer A-Klasse Stammaktie und einer halben einlösbaren Wandelanleihe, sollen am 8. Oktober 2024 unter dem Symbol 'LPBBU' an der Nasdaq gehandelt werden. Das Unternehmen, eine Blankocheckgesellschaft, strebt an, Unternehmen zu fusionieren oder zu erwerben, wobei der Schwerpunkt auf Technologie- und Softwareinfrastrukturunternehmen liegt, die in den Bereichen Finanzdienstleistungen, Immobilien und Vermögensverwaltung tätig sind.
Der IPO soll am 9. Oktober 2024 abgeschlossen werden, wobei Cantor Fitzgerald & Co. als alleiniger Buchführungsleiter fungiert. Das Unternehmen hat den Underwritern eine 45-tägige Option eingeräumt, bis zu 3.000.000 zusätzliche Einheiten zum Deckungsbedarf zu erwerben. Das Management-Team von Launch Two Acquisition Corp. wird von James J. McEntee III als CEO und Vorsitzendem und Jurgen van de Vyver als CFO geleitet.
- Initial public offering of $200,000,000
- Listing on Nasdaq, increasing visibility and liquidity
- Focus on high-growth technology and software infrastructure sectors
- Experienced management team with industry expertise
- 45-day option for underwriters to purchase additional 3,000,000 units
- Blank check company with no current operations or assets
- Potential dilution for shareholders due to warrant structure
- Uncertainty in identifying and completing a suitable business combination
- operating history and lack of established track record
Insights
The pricing of Launch Two Acquisition Corp.'s
The structure of the units, combining one Class A ordinary share with half a warrant, is standard for SPACs. The
Investors should note the 45-day over-allotment option for an additional 3 million units, which could increase the total raise to
This IPO reflects the ongoing evolution of the SPAC market. Despite a cooldown from the 2020-2021 SPAC boom, quality offerings are still attracting capital. Launch Two's focus on established, scalable businesses in tech and software infrastructure aligns with current market trends favoring companies with proven business models.
The management team's experience, particularly CEO James J. McEntee III's background, could be a key differentiator in a crowded SPAC landscape. However, investors should be aware that the
The expected trading of units under "LPBBU" and later separation into shares (LPBB) and warrants (LPBBW) provides flexibility for different investor strategies. Overall, this IPO indicates continued, albeit more selective, investor interest in SPACs as vehicles for bringing innovative companies to the public markets.
New York, NY, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Launch Two Acquisition Corp. (the “Company”) announced today the pricing of its initial public offering of 20,000,000 units. The units are expected to be listed on The Nasdaq Stock Market LLC (“Nasdaq”) and begin trading tomorrow, October 8, 2024, under the ticker symbol “LPBBU.” Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of
The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be on technology and software infrastructure companies whose products and services target financial services, real estate and asset management companies. The Company will pursue completing a business combination with an established business of scale poised for continued growth, led by a highly regarded management team.
The Company’s management team is led by James J. McEntee III, its Chief Executive Officer and Chairman of the Board of Directors (the “Board”), and Jurgen van de Vyver, its Chief Financial Officer. The Board also includes Lynn Eisenhart, Jeffrey M. Shanahan, and Alfred J. Pierce III.
Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022, or by email at prospectus@cantor.com.
A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on October 7, 2024. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all.
Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Investor Contacts
Launch Two Acquisition Corp.
Jurgen van de Vyver
jurgen@launchpad.vc
(510) 692-9600
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