Leo Holdings, a blank check company formed by Lion Capital executives to acquire a consumer retail business, filed for its IPO on Thursday.
The London, United Kingdom-based company plans to raise $300 million by offering 30 million units at a price of $10. At that price, Leo Holdings would command a market value of $375 million. Each unit consists of one ordinary share and one-third of one warrant exercisable at $11.50.
Leo Holdings was formed in 2017 and plans to list on the NYSE under the symbol LHC.U. Citi is the sole bookrunner on the deal. No timing on pricing was disclosed.
