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Mayflower Acquisition Debuts After $500 Million London IPO

Summary generated with AI, editor-reviewed
Heartspace News Desk
Source: Bloomberg.com
TL;DR

Mayflower Acquisition Ltd., backed by Noam Gottesman and Jeremy Isaacs, began trading in London after a $500 million IPO priced at $10 per share. The IPO proceeds will be used for future acquisitions, with $75 million coming from founding investors linked to Gottesman.

Key takeaways

  • Mayflower Acquisition Ltd
  • , an investment vehicle supported by Toms Capital's Noam Gottesman and former Lehman Brothers banker Jeremy Isaacs, has commenced trading in London
  • The company successfully raised $500 million through its initial public offering (IPO)
Mayflower Acquisition Ltd., an investment vehicle supported by Toms Capital's Noam Gottesman and former Lehman Brothers banker Jeremy Isaacs, has commenced trading in London. The company successfully raised $500 million through its initial public offering (IPO). These funds are earmarked for future acquisitions. The IPO was priced at $10 per share, with the stock opening at that same price. Founding investors, including Gottesman affiliates, contributed $75 million to the total capital raised.

Related Topics

IPOSPACLondon Stock ExchangeNoam GottesmanJeremy Isaacs

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