We advised the underwriters on the SPAC IPO and Nasdaq listing

Davis Polk advised the sole underwriter in connection with the initial public offering of 25,500,000 units of Aurora Acquisition Corp., including 3,500,000 of private placement units, for aggregate proceeds of $255 million. Each unit consists of one Class A ordinary share and one-fourth of one warrant to purchase one Class A ordinary share of Aurora Acquisition Corp. The units were listed on the Nasdaq Capital Market under the symbol “AURCU.”

Aurora Acquisition Corp. is a newly incorporated special purpose acquisition company (SPAC) whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Although Aurora Acquisition Corp. is not limited to a particular industry or geographic region for purposes of consummating a business combination, it intends to focus on identifying a prospective target business in technology or media in Europe, the Middle East or Africa.

The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associates Ariel Rivera, Mari Foster and Prince Kudolo. Partner Po Sit and associate Bradford Sherman provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.

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