Eagle Acquisition, a blank check company formed by Formation Capital and focused on health care, filed and set terms for its IPO on Friday.
The Radnor, PA-based company plans to raise $150 million by offering 15 million units at a price range of $10. At that price, Eagle Acquisition would command a fully diluted market value of $188 million.
Eagle Acquisition was founded in 2016 and plans to list on the Nasdaq under the symbol IGLEU. Stifel, FBR Capital Markets and Stephens Inc. are the joint bookrunners on the deal. IPO timing has not been determined.
The article Blank check for health care: Eagle Acquisition files for a $150 million IPO originally appeared on IPO investment manager Renaissance Capital’s web site renaissancecapital.com.
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