Deals
Blank Check Firm Mayflower Debuts After $500 Million London IPO
The London Stock Exchange Group Plc headquarters in the City of London.
Photographer: Jose Sarmento Matos/BloombergMayflower Acquisition Ltd., an investment vehicle backed by Toms Capital’s Noam Gottesman and former Lehman Brothers banker Jeremy Isaacs, began trading in London on Friday morning, adding to a spurt of year-end activity for the bourse.
The investment vehicle raised $500 million through the sale of shares and warrants to pursue an acquisition, including $75 million from the founding investors and others affiliated with Gottesman. It started trading on Friday morning in London, with the shares opening in-line with the offering price of $10 apiece.