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Europe-focused SPAC Galileo Acquisition files for a $100 million US IPO

October 2, 2019

Galileo Acquisition, a blank check company targeting Western European businesses with strong North American growth strategies, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.

The New York, NY-based company plans to raise $100 million by offering 10 million units at a price of $10. At $10, Galileo Acquisition would command a market value of $126 million. Each unit consists of one share of common stock and one warrant to purchase common stock at a price of $11.50 per share.

Galileo Acquisition was founded in 2019 and plans to list on the NYSE under the symbol GLEO.U. EarlyBirdCapital is the sole bookrunner on the deal.