Genesis Growth Tech Acquisition $220 million IPO
The issuer, a SPAC, offered 22,000,000 units which were listed on Nasdaq
Davis Polk advised the sole book-running manager in connection with the $220 million initial public offering of 22,000,000 units of Genesis Growth Tech Acquisition Corp. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant to purchase one Class A ordinary share of Genesis Growth Tech Acquisition Corp. The units were listed on the Nasdaq under the symbol “GGAAU.”
Genesis Growth Tech Acquisition Corp. is a special purpose acquisition company (SPAC) formed for the purpose of effecting a business combination with one or more businesses. Genesis Growth Tech Acquisition Corp. intends to target a business combination with a company operating primarily within the consumer Internet industry with a substantial portion of its activities in Europe, Israel, the United Arab Emirates or the United States.
The Davis Polk corporate team included partner Derek Dostal and associates Prince Kudolo and Jonathan I. Stempel. The tax team included partner Michael Farber and associate Constance Zhang. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.