CBRE Acquisition Holdings Inc. announced the pricing of its $350 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “CBAH.U” tomorrow, Friday, December 11.
The new company aims to combine with a business in a sector experiencing favorable secular trends that has an experienced management team. CBRE is led by CEO William F. Concannon alongside President, CFO and Secretary Cash J. Smith.
Total SPAC deal count for 2020 year-to-date is now 224 with $75.9 billion in gross proceeds raised. This offering is expected to close on Tuesday, December 15.
Morgan Stanley is serving as the underwriter for the offering. Simpson Thacher & Bartlett LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. KPMG LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.