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KORE Group Holdings (Cerberus Telecom Acquisition) Priced, NYSE: KORE

Blank check company formed by Cerberus Capital Management targeting the ICT industry (completed 10/1/2021).

Industry: SPAC

Latest Trade: $2.09 0.00 (0.0%)

First Day Return: -0.6%

Return from IPO: -79.1%

Industry: SPAC

Our sponsor was founded by Stephen A. Feinberg, Frank W. Bruno, and certain senior executives of Cerberus. Stephen A. Feinberg founded Cerberus in 1992 and is currently its Co-Chief Executive Officer. Frank W. Bruno is Co-Chief Executive Officer of Cerberus and has worked with Mr. Feinberg for over 22 years. Over the course of its history, Cerberus has developed a group of senior information and communications technology (“ICT”) executives and investors with a proven track record of leading, investing in and growing large, scaled enterprises. The company intends to target ICT companies that benefit from the transformational, long-term impacts of capital deployment in the 5G stack. Such companies may include network operators (mobile operators, fiber operators, datacenters and tower companies), equipment vendors, device makers, semiconductor providers, IT and cloud services, network optimization, ICT software and applications companies. Opportunities will be sourced from our management and Advisors and their extensive network of executives, investors, and advisors and the broader Cerberus organization. The company will target assets with growing market presence, which would benefit from our investment and influence. The company will seek to utilize its experienced team to address strategic opportunities, capital needs, and regulatory considerations.
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IPO News for KORE Group Holdings (Cerberus Telecom Acquisition)
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IPO Data
IPO File Date 10/02/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 25.0
Deal Size ($mm) $250
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/21/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 25.0
Deal Size ($mm) $250
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters New York, NY
Founded 2020
Employees 6
Website www.cerberus.com