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CC Neuberger Principal Holdings III Priced, NYSE: PRPC.U

Third blank check company formed by CC Capital and Neuberger Berman.

Industry: SPAC

Latest Trade: $10.00 0.00 (0.0%)

First Day Return: +6.5%

Return from IPO: 0.0%

Industry: SPAC

We are a newly incorporated blank check company. Our sponsor is an affiliate of CC Capital Partners, LLC (“CC Capital”) and NBOKS. CC Capital is a private investment firm managed by a team of private equity professionals with a track record of success in sponsoring special purpose acquisition companies. NBOKS is advised by Neuberger Berman Investment Advisers LLC (“NBIA,” and together with its affiliates, “Neuberger Berman”). We believe that our management team is well positioned to identify attractive business combination opportunities with a compelling industry backdrop and an opportunity for transformational growth. Our founders’ objectives are to generate attractive returns for shareholders and enhance value through improving operational performance of the acquired company. We expect to favor opportunities with certain industry and business characteristics. Key industry characteristics include compelling long-term growth, attractive competitive dynamics, consolidation opportunities and low risk of technological obsolescence. Key business characteristics include high barriers to entry, significant streams of recurring revenue, opportunity for operational improvement, attractive steady-state margins, high incremental margins and attractive free cash flow characteristics.
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IPO News for CC Neuberger Principal Holdings III
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IPO Data
IPO File Date 01/14/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 35.0
Deal Size ($mm) $350
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/02/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 35.0
Deal Size ($mm) $350
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 4