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Liberty Media SPAC IPO: 11 Things to Know as Liberty Launches LMACU Stock

Liberty Media Acquisition Corporation (NASDAQ:LMACU), a special purpose acquisition company (SPAC), has launched its initial public offering (IPO).

A hand touches a digital chart with the text "IPO."

Source: Shutterstock

Here’s everything potential investors in LMACU stock need to know about the Liberty Media SPAC IPO.

  • Liberty Media Acquisition Corporation is a blank-check company created with the purpose of taking a private company public.
  • The SPAC intends to target companies in the “media, digital media, music, entertainment, communications, telecommunications and technology industries.”
  • The company is backed by Liberty Media, which has billionaire John Malone as its chairman.
  • Malone is also the largest shareholder in the company.
  • Liberty Media is a massive company that is split into three divisions based on its businesses.
  • That includes Liberty Media Formula One (NASDAQ:FWONA,NASDAQ:FWONK), Liberty Sirius XM (NASDAQ:LSXMA,NASDAQ:LSXMK), and Liberty Braves (NASDAQ:BATRA, NASDAQ:BATRK).
  • Liberty Media Acquisition Corporation IPO has the company offering a total of 50 million units at a price of $10 each.
  • Each of these units contains one share of LMACU stock and one-fifth of a warrant to purchase another share with an exercise price of $11.50.
  • The joint book-running managers of the Liberty Media SPAC IPO are Citigroup, Morgan Stanley, Credit Suisse, and Goldman Sachs.
  • Members of the company’s management team are made up of executives from other Liberty Media companies.
  • Also, Liberty Media’s stake in LMCA is attributed to the Formula One company.

LMACU stock was up 30.2% as of Friday morning.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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