Iconic Sports Acquisition, a blank check company targeting the global sports industry, filed on Wednesday with the SEC to raise up to $250 million in an initial public offering.
The Cayman Islands-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Iconic Sports Acquisition would command a market value of $313 million.
The company is led by Co-CEO Gianluca Vialli and Co-CEO and CFO Fausto Zanetton, the co-founders of Tifosy Capital & Advisory, a leading boutique sports advisory firm. Vialli is also a former European professional footballer, having played at Sampdoria, Juventus, and Chelsea, and a former ambassador at Sky Sports Italia. Iconic Sports Acquisition plans to target the global sports industry or an adjacent sector including data and analytics, media, and technology. It plans to focus on "iconic" businesses, including sports franchises.
Iconic Sports Acquisition was founded in 2021 and plans to list on the NYSE under the symbol ICNC.U. The company filed confidentially on May 10, 2021. Credit Suisse and Morgan Stanley are the joint bookrunners on the deal.
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