We advised the underwriters on the SPAC IPO and NYSE listing

Davis Polk advised the underwriters in connection with the initial public offering of 20,000,000 units of Magnum Opus Acquisition Limited for aggregate proceeds of $200 million. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant to purchase Class A ordinary share of Magnum Opus Acquisition Limited. The Class A ordinary shares and warrants are listed on the New York Stock Exchange under the symbols “OPA” and “OPA WS,” respectively.

Magnum Opus Acquisition Limited is a special purpose acquisition company (SPAC) whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses or entities. Although Magnum Opus Acquisition Limited is not limited to a particular industry or geographic region for purposes of consummating a business combination, the company intends to focus on global consumer, technology or media sectors with disruptive growth potential through the use of technology that can benefit from operations in Asia.

The Davis Polk corporate team included partner James C. Lin and registered foreign lawyer Mendtuvshin (Mendee) Enkhtaivan. The tax team included counsel Alon Gurfinkel and associate Summer Xia. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the New York, Hong Kong and London offices.

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