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Wheels Up Experience (Aspirational Consumer Lifestyle Corp.) Priced, NYSE: UP

Blank check company formed by executives at LVMH and L Catterton targeting a lifestyle business (completed 7/13/2021).

Industry: SPAC

First Day Return: -0.2%

Industry: SPAC

We are a newly incorporated blank check company. While we may pursue a business combination target in any industry or geographical location, we currently intend to concentrate our efforts in identifying businesses with premium brands that offer an aspirational lifestyle experience to consumers, which we refer to as the "aspirational lifestyle space." Consumers are increasingly connecting to brands through digital content, online communities and influencer-driven recommendations. The Millennial and Generation Z demographic groups, in particular, often live in a highly-connected and digital world, spending their time interacting through different mediums, and respond to brands in which these interactions build an emotional connection. In this environment, we believe a successful brand must offer differentiated experiences through authentic and aspirational lifestyle messaging tied to high quality and premium product offerings. We believe that there are many potential targets that deliver this experience that could become attractive public companies with long-term organic growth, attractive competitive dynamics and further consolidation opportunities. L Catterton holds a significant minority investment in our sponsor, Aspirational Consumer Lifestyle Sponsor LLC.
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IPO Data
IPO File Date 09/04/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 22.5
Deal Size ($mm) $225
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/22/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $225
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Singapore
Founded 2020
Employees at IPO 3

Wheels Up Experience (Aspirational Consumer Lifestyle Corp.) (UP) Performance