DiamondPeak Holdings, a blank check company led by David Hamamoto targeting the real estate industry, filed on Friday with the SEC to raise up to $250 million in an initial public offering.
The New York, NY-based company plans to raise $250 million by offering 25 million units at a price of $10. Each unit will consist of one share of common stock and one-third of one redeemable warrant to purchase a share of common stock at $11.50. At $10, DiamondPeak Holdings would command a market value of $313 million.
The New York, NY-based company was founded in 2018 and it plans to list on the Nasdaq under the symbol DPHC.U. DiamondPeak Holdings filed confidentially on November 21, 2018. Deutsche Bank is the sole bookrunner on the deal. No pricing terms were disclosed.
