World Quantum Growth Acquisition, a blank check company led by the former LSEG CEO targeting the financials sectors in the US and EMEA, filed on Friday with the SEC to raise up to $300 million in an initial public offering.
The Cayman Islands-based company plans to raise $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, World Quantum Growth Acquisition would command a market value of $375 million.
The company is led by CEO and Chairman Xavier Rolet, the former CEO of the London Stock Exchange Group (LSEG), and CFO and Director Serge Harry, who previously served as the CFO of Euronext, through its 2001 IPO and its $20 billion merger with the NYSE. The company plans to target the financial and fintech sectors in the US and EMEA region as well as relevant technology firms supporting these sectors.
World Quantum Growth Acquisition was founded in 2021 and plans to list on the NYSE under the symbol WQGA.U. Credit Suisse is the sole bookrunner on the deal.
