Horizon Acquisition Corporation (HZAC.U) Prices $500M IPO

Horizon Acquisition Corporation (HZAC.U) announced the pricing of its $500 million IPO this evening and the units are expected to begin trading under the symbol HZAC.U on the NYSE tomorrow, Friday, August 21st.

Horizon intends to focus on businesses in the financial services industry and will be led by Todd L. Boehly, as Chief Executive Officer, Chief Financial Officer and Director.

Total SPAC deal count for 2020 year-to-date is now 74 with $31.2 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, August 25, 2020.

Credit Suisse Securities (USA) LLC is serving as lead book-running manager for the offering. Deutsche Bank Securities Inc. and RBC Capital Markets, LLC are serving as book-running managers for the offering. Kirkland & Ellis LLP serves as Issuer’s Counsel while Skadden, Arps, Slate, Meagher & Flom LLP is serving as Underwriter’s Counsel, respectively. WithumSmith+Brown, PC acted as auditor. Continental Stock Transfer & Trust Company is acting as trustee.