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GigCapital3, Inc. (GIK.U) Prices $200M IPO
by Kristi Marvin on 2020-05-13 at 10:42pm

GigCapital3, Inc. (GIK.U), announced the pricing of their $200 million IPO this evening and the units are expected to begin trading tomorrow, Thursday, March 14th, under the symbol NYSE: GIK.U.

GigCapital3 is the third SPAC from the GigCapital team, having previously closed their first combination with Kaleyra, Inc. (KLR). GigCapital3 will once again be led by Dr. Avi Katz, as Executive Chairman of the Board of Directors, Secretary, President and Chief Executive Officer, and will be focusing on companies in the technology, media and telecom (TMT) sectors.

Total SPAC deal count for 2020 year-to-date is now 23 with $6.936 billion in gross proceeds raised. The offering is anticipated to close on Monday, March 18, 2020.


Nomura Securities International, Inc., and Oppenheimer & Co. Inc., acted as joint book-running managers of the offering. Odeon Capital Group LLC, acted as co-manager. Crowell & Moring LLP and Sidley Austin LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. BPM LLP acted as auditor.

 

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