Renaissance Capital logo

Akazoo S.A. (Modern Media Acquisition) Priced, Nasdaq: SONG

Blank check company backed by Macquarie to acquire a media company (completed 9/11/2019).

Industry: SPAC

First Day Return: +1.1%

Industry: SPAC

We will seek to capitalize on the significant experience and contacts of our management team and our partnership with Macquarie Capital to complete our initial business combination. We believe our management team's distinctive background and record of acquisition and operational success could have a transformative impact on verified target businesses. Although we may pursue our initial business combination in any business, industry or geographic location, we currently intend to focus on opportunities to capitalize on the ability of our management team, particularly our executive officers, to identify, acquire and operate a business in the media, entertainment or marketing services industries. We intend to evaluate both private and public companies as potential initial business combination targets, focusing on opportunities that we believe would provide appropriate risk adjusted returns to stockholders. Following our initial business combination, our objective will be to implement or support the acquired company's operating strategies in order to generate additional value for stockholders. General goals may include additional acquisitions and operational improvements.
more less
IPO Data
IPO File Date 03/08/2017
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 18.0
Deal Size ($mm) $180
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/11/2017
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $180
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Atlanta, GA, United States
Founded 2014
Employees at IPO 3
Website www.macquarie.com

Akazoo S.A. (Modern Media Acquisition) (SONG) Performance