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SPAC led by former IHS CEO, Churchill Capital prices upsized $600 million IPO at $10

September 6, 2018
Clarivate plc (Churchill Capital Corp) logo

Churchill Capital, a blank check company formed by dealmaker Michael Klein and former IHS CEO Jerre Stead to acquire a data and analytics provider, raised $600 million by offering 60 million units at $10.

The company originally filed to raise $400 million, before amending the proposed offering twice. Each unit consists of one ordinary share and one half of one warrant exercisable at $11.50. Churchill Capital plans to list on the NYSE under the symbol CCC.U. Citi acted as a lead manager on the deal.