Consumer SPAC Big Sky Growth Partners prices $300 million IPO

Big Sky Growth Partners, a blank check company targeting digitally native internet retail and direct-to-consumer businesses, raised $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50.

The company is led by CEO and Chairman Mark Vadon, who previously co-founded consumer internet retailers Zulily and Blue Nile. Big Sky Growth Partners plans to leverage the expertise that management has investing in, partnering with, and growing digitally native internet retail and direct-to-consumer companies, and intends to focus on these sectors or technologies that power these sectors.

Big Sky Growth Partners plans to list on the Nasdaq under the symbol BSKYU. Goldman Sachs acted as sole bookrunner on the deal.