{"id":171057,"date":"2021-02-05T01:15:02","date_gmt":"2021-02-04T22:15:02","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/alex-rodriguez-backed-spac-looks-to-raise-about-500m-in-ipo\/"},"modified":"2021-02-05T01:15:02","modified_gmt":"2021-02-04T22:15:02","slug":"alex-rodriguez-backed-spac-looks-to-raise-about-500m-in-ipo","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/alex-rodriguez-backed-spac-looks-to-raise-about-500m-in-ipo\/","title":{"rendered":"#Alex Rodriguez-backed SPAC looks to raise about $500M in IPO"},"content":{"rendered":"

“#Alex Rodriguez-backed SPAC looks to raise about $500M in IPO<\/strong>”
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A blank-check firm backed by former New York Yankees slugger Alex Rodriguez and hedge fund Antara Capital is aiming to raise about $500 million in its initial public offering, a regulatory filing showed Thursday.<\/p>\n

Slam Corp., a special purpose acquisition company, said it would sell 50 million units, comprising shares and warrants, priced at $10 apiece in the IPO. <\/p>\n

A SPAC is a shell company that raises money in an IPO to merge with a privately held company, turning it into a publicly traded firm.<\/p>\n

Slam Corp. is backed by Rodriguez\u2019s A-Rod Corp., which invests in startups and other companies.<\/p>\n

Rodriguez, a 14-time major league All-Star who is in a relationship with pop star and actress Jennifer Lopez, founded A-Rod Corp. in 2003.<\/p>\n

SPACs have emerged as a popular IPO alternative for companies, providing a path to going public with less regulatory scrutiny and more certainty over the valuation that will be attained and funds that will be raised.<\/p>\n

Slam Corp. said its Class A ordinary shares and warrants, comprising the units, will begin separate trading on Nasdaq under the symbols \u201cSLAM\u201d and \u201cSLAMW\u201d.<\/p>\n

Goldman Sachs and BTIG are the underwriters for the offering.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Alex Rodriguez-backed SPAC looks to raise about $500M in IPO” A blank-check firm backed by former New York Yankees slugger Alex Rodriguez and hedge fund Antara Capital is aiming to raise about $500 million in its initial public offering, a regulatory filing showed Thursday. Slam Corp., a special purpose acquisition company, said it would sell…<\/p>\n","protected":false},"author":1,"featured_media":171058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/alex-rodriguez-spac-ipo.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[91993,25871,71070,5007],"class_list":["post-171057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-2-4-21","tag-alex-rodriguez","tag-hedge-funds","tag-ipo"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/171057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=171057"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/171057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/171058"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=171057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=171057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=171057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}