Industrea Acquisition (INDUU) plans to raise $200 million in an initial public offering (IPO) on Thursday, July 27th, IPO Scoop reports. The company will issue 20,000,000 shares at $10.00 per share.
Industrea Acquisition has a market-cap of $250 million.
FBR and B. Riley & Co. served as the underwriters for the IPO.
Industrea Acquisition provided the following description of their company for its IPO: ” We are a newly organized blank check company formed as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. Our management team and board of directors have extensive experience in acquiring and operating similar companies in these industries. We believe this experience makes us well situated to identify, source, negotiate and execute an initial business combination with an attractive industrial manufacturing or services company. “.
Industrea Acquisition was founded in 2017 and has 0 employees. The company is located at 1120 Avenue of the Americas, 4th Floo, New York, NY 10036, US and can be reached via phone at (212) 871-1107.
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