Boulevard Acquisition, a blank check company formed by the co-founders of Avenue Capital Management, filed and announced terms for its IPO on Monday. The New York, NY-based company plans to raise $150 million by offering 15.0 million shares at $10 per share. At the midpoint of the proposed range, Boulevard Acquisition would command a market value of $188 million.
Boulevard Acquisition, which was founded in 2013, plans to list on the NASDAQ under the symbol BLVDU. Boulevard Acquisition initially filed confidentially on December 5, 2013. Citi is the sole bookrunner on the deal.
