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Michael Dell’s New SPAC And IPO: 5 Big Things To Know

From who runs MSD Acquisition to the type of companies its targeting to buy, CRN breaks down the five biggest things to know about Michael Dell’s newly formed acquisition company.

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Upcoming IPO information

MSD Acquisition is looking to raise upwards of $575 million in its initial public offering this year.

The new SPAC is aiming to sell 50 million investment units at $10 each, with each including one Class A share and 0.2 warrants to purchase a second one at $11.50 in the future.

MSD Acquisition will apply to have its units listed on the Nasdaq under the symbol MSDAU.

“Once the securities comprising the units begin separate trading, we expect that the Class A ordinary shares and warrants will be listed on Nasdaq under the symbols “MSDA” and “MSDAW,” respectively. The units will automatically separate into their component parts and will not be traded following the completion of our initial business combination,” said the company.

Overall, MSD Acquisition said its acquisition and value creation strategy is “to identify, acquire — and after our initial business combination — serve as a trusted, long-term partner to accelerate a company’s growth in the public markets.”

 
 
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