We advised the sole book-running manager on the SPAC IPO and Nasdaq listing

Davis Polk advised the sole book-running manager in connection with the initial public offering of 172,500,000 units of Soaring Eagle Acquisition Corp., for aggregate proceeds of $1.725 billion. The units were listed on the Nasdaq Capital Market under the symbol “SRNGU.”

Soaring Eagle Acquisition Corp. is the sixth SPAC led by Harry E. Sloan and Eli Baker and other senior professionals. Soaring Eagle Acquisition Corp. intends to focus on acquisition opportunities in high-growth industries and markets that can benefit from the management team’s relationships and experience.

The Davis Polk capital markets team included partners Derek Dostal and Deanna L. Kirkpatrick, counsel Jennifer Ying Lan and associate Ben Somogyi. The tax team included partner Patrick E. Sigmon. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are all based in the New York office.

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