Kayne Anderson Acquisition, a blank check company formed by Kayne Anderson Capital to acquire an energy business, announced terms for its IPO on Tuesday.
The Houston, TX-based company plans to raise $350 million by offering 35 million units at $10 per unit. At the midpoint of the proposed range, Kayne Anderson Acquisition would command a fully diluted market value of $438 million.
Kayne Anderson Acquisition was formed in 2017 and plans to list on the Nasdaq under the symbol KAACU. Citi, Deutsche Bank and Credit Suisse are the joint bookrunners on the deal.
