Legacy Acquisition (LGCU) plans to raise $300 million in an initial public offering on Friday, November 17th, IPO Scoop reports. The company plans to issue 30,000,000 shares at a price of $10.00 per share.
The company has a market-cap of $375 million.
Wells Fargo Securities, Cantor Fitzgerald and Stifel acted as the underwriters for the IPO and Loop Capital Markets was co-manager.
Legacy Acquisition provided the following description of their company for its IPO: “We are a newly organized blank check company incorporated on March 15, 2016 as a Delaware corporation and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. While we may pursue an acquisition opportunity in any industry or sector, we intend to focus on businesses that operate in the following sectors: (i) consumer packaged goods (“CPG”) and other consumables, (ii) consumer durables, and (iii) retail and restaurants. “.
Legacy Acquisition was founded in 2016 and has 3 employees. The company is located at 1308 Race Street, Suite 200, Cincinnati, OH 45202, US and can be reached via phone at (513) 618-7161.
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