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Virgin Group Acquisition Corp. II (VGII.U) Prices Upsized $350M IPO


Virgin Group Acquisition Corp. II (VGII.U) Prices Upsized $350M IPO

Virgin Group Acquisition Corp. II announced the pricing of its upsized $350 million IPO and its units are expected to begin trading on the NYSE under the symbol “VGII.U”, Tuesday, March 23.

The new company aims to combine with a target that has the ability to provide a strong consumer experience differentiated from competitors. Virgin Group II is led by CEO Josh Bayliss, CFO Evan Lovell and COO Rayhan Arif.

Total SPAC deal count for 2021 year-to-date is now 283. This offering is expected to close on Thursday, March 25.

Credit Suisse Securities (USA) LLC is serving as the sole book-running manager for the offering. Davis Polk & Wardwell LLP is serving as Issuer’s Counsel with Latham & Watkins LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.