Aurora Acquisition Corp., a blank check company backed by Novator Partners targeting EMEA technology and media companies, filed on Friday with the SEC to raise up to $200 million in an initial public offering.
The London, UK-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, Aurora Acquisition Corp. would command a market value of $294 million.
The company is led by Novator Partners' founder, Chairman Thor Björgólfsson, as well as the founder of Grip Ltd. and Net-a-Porter, CEO Arnaud Massenet.
Aurora Acquisition Corp was founded in 2020 and plans to list on the Nasdaq under the symbol AURC.U. Barclays is the sole bookrunner on the deal.
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