U.S. RMG Acquisition closes $200 million initial public offering

02/13/2019 12:34:00 PM (GMT)

U.S. special purpose acquisition company RMG Acquisition Corp. has completed its initial public offering (IPO) of 20 million units.

The IPO was priced at $10 per unit, resulting in gross proceeds of $200 million.

Each unit comprises of one share of RMG’s Class A common stock and one-third of one warrant, with each whole warrant enabling the holder thereof to purchase one whole share of Class A common stock at a price of $11.50 per share.

U.S. investment bank Deutsche Bank Securities served as the sole bookrunner for the deal and peer Stifel served as the lead manager for the offering.

RMG Acquisition Corp.

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