Copley Acquisition Corp Sets $150 Million IPO Pricing
Deal News | Apr 30, 2025 | EIN
Copley Acquisition Corp, a blank check company incorporated in the Cayman Islands, announced the pricing of its initial public offering (IPO) at $150 million, consisting of 15,000,000 units at $10 each. These units, comprising one Class A ordinary share and half of a redeemable warrant, are to be listed on the New York Stock Exchange under the ticker COPLU starting May 1, 2025. Clear Street will act as the lead book-running manager for the offering. The IPO is expected to close on May 2, 2025, subject to customary closing conditions. Copley intends to target business combinations in the technology or lifestyle sectors but has not yet engaged with any specific targets. Legal counsel for the company includes Winston & Strawn LLP and Appleby (Cayman) Ltd., while Clear Street is advised by DLA Piper LLP (US).
Sectors
- Financial Services
- Technology and Lifestyle
Geography
- Hong Kong – Copley Acquisition Corp is based in Hong Kong, which is integral to its corporate identity and international operations base.
- United States – The IPO and subsequent trading on the New York Stock Exchange link Copley Acquisition Corp significantly to the U.S. financial markets.
Industry
- Financial Services – Copley Acquisition Corp's activities are centered around an IPO, which falls under the financial services sector, particularly in investment and capital markets.
- Technology and Lifestyle – Copley Acquisition Corp intends to focus its merger activities in the technology and lifestyle markets, indicating their industry focus.
Financials
- $150,000,000 – The total expected proceeds from the IPO, pricing each unit at $10.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Copley Acquisition Corp | Target company | Company | A blank check company focused on mergers, acquisitions, or other business combinations in technology or lifestyle sectors. |
| Clear Street | Underwriter | Company | Acts as the sole book-running manager for Copley's IPO. |
| Winston & Strawn LLP | Legal Advisor to Copley Acquisition Corp | Company | Provides legal counsel for the IPO in the U.S. |
| Appleby (Cayman) Ltd. | Legal Advisor to Copley Acquisition Corp | Company | Provides legal counsel regarding Cayman Islands law. |
| DLA Piper LLP (US) | Legal Advisor to Clear Street | Company | Provides legal counsel for the underwriter. |
| Francis Ng | Co-Chief Executive Officer | Person | Co-CEO of Copley Acquisition Corp. |