HPX Corp. Prices Upsized $220M SPAC IPO

IPO

HPX Corp. Prices Upsized $220M SPAC IPO

Jul 15, 2020 INTEL by Kristi Marvin

HPX Corp. (HPX.U), announced the pricing of their upsized $220 million SPAC IPO this evening and the units are expected to begin trading tomorrow, July 16th, under the symbol NYSE: HPX.U.

HPX Corp. intends to focus on businesses located in Brazil and will be led by Bernardo Hees and Rodrigo Xavier, as Co-Chairmen of the Board of Directors, and Carlos Piani, as Chief Executive Officer, Chief Financial Officer and director.

Total SPAC deal count for 2020 year-to-date is now 44 with $13.813 billion in gross proceeds raised. The offering is anticipated to close on Monday, July 20, 2020.


Credit Suisse acted as sole book-running manager of the offering. Skadden, Arps, Slate, Meagher & Flom LLP and Shearman & Sterling LLP were issuer’s counsel and underwriter’s counsel, respectively. Marcum LLP acted as auditor.

 

 

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