Aspirational Consumer Lifestyle Corp. announced the pricing of its $225 million IPO this morning and the units are expected to begin trading on the NYSE under the symbol “ASPL.U” today, Wednesday, September 23, 2020.
This new company aims to combine with an authentic, aspirational consumer brand that has an untapped international expansion plan. It is led by Chairman and CEO Ravi Thakran, Vice Chairman Mark Bedingham and President Lisa Myers.
Total SPAC deal count for 2020 year-to-date is now 109 with $41.8 billion in gross proceeds raised. This offering is expected to close on Friday, September 25.
Credit Suisse Securities (USA) LLC is acting as the sole book-running manager for the offering. Skadden, Arps, Slate, Meagher & Flom LLP serve as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.