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VG Acquisition Corp. Priced, NYSE: VGAC.U

Blank check company formed by Virgin Group targeting consumer-facing businesses in the US and Western Europe.

Industry: SPAC

Latest Trade: $14.91 0.00 (0.0%)

First Day Return: -0.9%

Return from IPO: +49.1%

Industry: SPAC

We are a newly incorporated blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target. Our company’s founder is Sir Richard Branson, a renowned global entrepreneur and founder of the Virgin Group. Virgin is a leading international investment group and one of the world’s most recognized and respected brands. The Virgin Group’s resources, ranging from its experienced investment executives to skilled brand experts, will support the sourcing and evaluation of acquisition targets for our company. We intend to search for targets that operate in consumer-facing industries in the U.S. and Western Europe, with a focus on businesses that provide consumer experiences in the sectors in which Virgin has historically created significant shareholder value. We believe that we will have a unique value proposition for our target due to our ability to apply the Virgin brand to fuel its growth and enhance its financial profile.
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IPO News for VG Acquisition Corp.
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IPO Data
IPO File Date 09/16/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 48.0
Deal Size ($mm) $480
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/01/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 48.0
Deal Size ($mm) $480
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 2
Website www.virgin.com