Citigroup and Morgan Stanley Serve as Joint Book-Running Managers for IPO of Alpha Partners Technology Merger Corp.
July 29, 2021
New York and Los Angeles – Paul Hastings LLP, a leading global law firm, announced today that it advised Citigroup and Morgan Stanley as joint book-running managers for the $250 million initial public offering by Alpha Partners Technology Merger Corp.
Alpha Partners Technology Merger Corp. priced its IPO of 25,000,000 units at $10.00 per unit. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. The units began trading on the Nasdaq Capital Market under the ticker symbol “APTMU” on July 28, 2021.
Sponsored by Alpha Partners Technology Merger Sponsor LLC, Alpha Partners Technology Merger Corp. was formed for the purpose of effecting a business combination. The company intends to identify and acquire a technology business, which addresses large and acute market needs or pain-points via the application of software or technology-enabled business models. The company intends to pay particularly close attention to businesses which are powered by long-term secular trends and which are able to thrive regardless of market cycle by virtue of the unique utility they provide to their users.
The Paul Hastings team advising Citigroup and Morgan Stanley was led by Frank Lopez and Jonathan Ko, and included Shai Marshall, Eduardo Morande, and Amelia Seder. Doug Schaaf and Amy Lawrence advised on tax matters.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.