Shearman And Sterling

News Jan 28, 2020

SCVX Corp.'s $230 Million IPO

Shearman & Sterling advised Credit Suisse as sole book-running manager on the initial public offering of SCVX Corp., a special-purpose acquisition company, of 23 million units at an offering price of $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant.

The company SCVX Corp is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company intends to focus on businesses in the cybersecurity industry globally with enterprise valuations in the range of $600 million to $1.5 billion. The company is led by Hank Thomas of Strategic Cyber Ventures and Michael Doniger in partnership with Hudson Bay.

The Team