Simon Property Group Acquisition Holdings Inc. (SPGS.U) Prices $300M IPO

IPO

Simon Property Group Acquisition Holdings Inc. (SPGS.U) Prices $300M IPO

Simon Property Group Acquisition Holdings Inc. announced the pricing of its $300 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “SPGS.U,” Friday, February 19.

The new company aims to combine with a retail, hospitality, entertainment or real estate business with transformative in-person experiences. Simon Property is led by Chairman Ed Simon, CEO Eli Simon, CFO Brian J. McDade and VPs Steven E. Fivel and Stanley Shashoua.

Total SPAC deal count for 2021 year-to-date is now 157 with a total of $47.7 in proceeds raised. This offering is expected to close on Tuesday, February 23.


Goldman Sachs & Co. LLC is acting as the sole book-running manager for this offering. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.

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