Blank check for health care: Eagle Acquisition files for a $150 million IPO – Nasdaq


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.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital’s research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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