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Newbury Street Acquisition Priced, Nasdaq: NBSTU

Blank check company targeting a tech business in the consumer internet or media space.

Industry: SPAC

Latest Trade: $9.90 0.00 (0.0%)

First Day Return: -1.4%

Return from IPO: -1.0%

Industry: SPAC

We are a newly organized blank check company. While we may pursue an acquisition or business combination target in any business or industry, we intend to focus our search on a technology business in the consumer internet or media space, including sports and entertainment verticals, with enterprise values of approximately $500 million to $2.5 billion. In particular, we shall focus on disruptive, high growth companies with a global ambition that take advantage of: (a) the rise of new consumer behaviors driven by the internet or new technologies, or (b) paradigm shifts in media, sports and entertainment that give rise to disruptive new entrants here to stay for the coming decades. Our management team is composed of experienced dealmakers and highly regarded industry veterans in the consumer internet and media space. The management team has decades of experience investing into and operating innovative and transformative platforms in consumer internet and media, as well as scaling businesses into new geographies, especially Asia. We believe that the experience and capabilities of our management team will make us an attractive partner to potential target businesses, enhance our ability to complete a successful business combination, and add value to the business post-business combination.
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IPO News for Newbury Street Acquisition
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IPO Data
IPO File Date 02/01/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 12.0
Deal Size ($mm) $120
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/22/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 12.0
Deal Size ($mm) $120
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Boston, MA
Founded 2020
Employees 2
Website newburystreetspac.com