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Altimeter Growth Corp. Priced, Nasdaq: AGCUU

Blank check company formed by Altimeter Capital targeting the tech sector.

Industry: SPAC

Latest Trade: $13.53 0.00 (0.0%)

First Day Return: +21.5%

Return from IPO: +35.3%

Industry: SPAC

Altimeter Growth Corp. is a newly formed blank check company. Our sponsor is an affiliate of Altimeter Capital Management, a technology-focused investment firm based in Menlo Park, CA and Boston, MA, with approximately $6 billion of assets under management as of August 31, 2020. Brad Gerstner, our Chief Executive Officer, is the founder and CEO of Altimeter. Our objective is to identify, acquire, and operate a business in a secular-growth area of the technology sector that will compound growth over the long-term for exponential value creation, though we reserve the right to pursue an acquisition opportunity in any business or industry. In evaluating a potential target business, we expect to conduct a thorough diligence review to determine a company’s quality and intrinsic value. Our review process may include, among other things, detailed document reviews, financial analysis, technology reviews, management meetings, consultations with customers, competitors and industry experts as well as review of other information that will be made available to us. We are not prohibited from pursuing an initial business combination with a company that is affiliated with Altimeter, our sponsor, officers or directors.
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IPO News for Altimeter Growth Corp.
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IPO Data
IPO File Date 09/11/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 45.0
Deal Size ($mm) $450
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/30/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 45.0
Deal Size ($mm) $450
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Menlo Park, CA
Founded 2020
Employees 2
Website www.altimeter.com