Renaissance Capital logo

Ares Acquisition II Priced, NYSE: AACT.U

Second blank check company formed by Ares Management.

Industry: SPAC

Latest Trade: $10.97 0.00 (0.0%)

First Day Return: +0.7%

Return from IPO: +9.7%

Industry: SPAC

We are a blank check company. Our sponsor is an affiliate of Ares, a leading global alternative investment adviser. Given Ares’ investment capabilities, we believe our team has the required investment, operational, due diligence and capital raising resources to effect a business combination with an attractive target and to position it for long-term success in the public markets. Our team has a history of executing transactions in multiple geographies and under varying economic and financial market conditions. Although we may pursue an acquisition in a number of industries or geographies, we intend to capitalize on the broader Ares platform where we believe a combination of our relationships, knowledge and experience across industries can effect a positive transformation or augmentation of an existing business. While we may pursue an initial business combination target in any industry or sector, geography, or stage of its corporate evolution, we intend to focus our search in North America, Europe or Asia. We will pursue an initial business combination with an established business with scale, attractive growth prospects and sustainable competitive advantages. We believe there is a large universe of such businesses that could benefit from a public listing, and that we will be able to offer a differentiated and compelling value proposition to them.
more less
IPO Data
IPO File Date 03/29/2023
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 45.0
Deal Size ($mm) $450
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/20/2023
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 45.0
Deal Size ($mm) $450
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Citi
UBS Investment Bank
more
Company Data
Headquarters New York, NY, United States
Founded 2021
Employees at IPO 3
Website www.aresmgmt.com

Ares Acquisition II (AACT.U) Performance