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Vector Acquisition Corporation II has successfully closed its upsized initial public offering (IPO) of 45 million Class A ordinary shares priced at $10.00 per share, raising gross proceeds of $450 million. The shares began trading on the Nasdaq under the ticker symbol VAQC on March 10, 2021. Deutsche Bank Securities and BofA Securities led the offering as joint book-running managers. Additionally, the underwriters have a 45-day option to purchase up to 6.75 million extra shares to cover over-allotments. This IPO aids the company in pursuing its acquisition goals.
Vector Acquisition Corporation II has announced the pricing of its upsized IPO, offering 45 million Class A ordinary shares at $10.00 each. The shares will be traded on the Nasdaq under the ticker symbol VAQC, with Deutsche Bank and BofA Securities acting as joint book-running managers. There is an option for underwriters to purchase an additional 6.75 million shares to cover over-allotments. The offering is scheduled to close on March 12, 2021, subject to customary conditions. The registration statement became effective on March 9, 2021.
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