Renaissance Capital logo

Altimar Acquisition III Priced, NYSE: ATAQ.U

Third blank check company formed by HPS Investment Partners (liquidated).

Industry: SPAC

First Day Return: 0.0%

We are a newly organized blank check company. Our sponsor, Altimar Sponsor III, LLC, is affiliated with HPS. HPS is a global investment firm with approximately $67 billion of assets under management as of December 1, 2020. Building on HPS’s experience in investing in high-quality businesses globally since 2007 and, more specifically, evaluating and negotiating SPAC business combinations with Desktop Metal and Blue Owl Capital, our strategy is to acquire a compelling asset with a world class management team that is poised for growth. Given the vast network of relationships of our management team and HPS principals, we expect to mine a deep set of proprietary opportunities. While we will look at a diverse variety of assets in terms of growth stages and capital structures, we intend to focus on two characteristics as a common theme: a strong organic growth plan coupled with a compelling business model that is materially cash generative at maturity. Our goal is to deliver public shareholders an opportunity to own a long-term, durable compounding equity investment that can produce strong returns.

Altimar Acquisition III (ATAQ.U) Performance

Created with Highcharts 10.3.2Chart context menuATAQ.U vs. IPO Index (IPOUSA)Apr 2021Jul 2021Oct 2021Jan 2022Apr 2022Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 20250%-75%-50%-25%+ 25%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index