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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Credit Suisse Group AG    CSGN   CH0012138530

CREDIT SUISSE GROUP AG

(CSGN)
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Liberty Media-backed SPAC prices IPO at $10 apiece to raise $500 mln

01/21/2021 | 07:57pm EST

Jan 21 (Reuters) - Liberty Media Acquisition Corporation (LMAC), a blank-check company backed by Formula One-owner Liberty Media Corp, said on Thursday it priced its initial public offering (IPO) at $10 a share to raise $500 million.

The special acquisition purpose company (SPAC), which is due to begin trading on the Nasdaq on Friday under the symbol "LMACU", sold 50 million shares in its U.S. IPO.

SPAC - shell companies that raise money in an IPO to buy another company - was looking for a target in the media, music, entertainment, communications and technology industries.

Several high-profile investors such as Bill Ackman and Michael Klein raised billions through their SPACs last year.

LMAC's management team will be led by Liberty Media Corp Chief Executive Officer Greg Maffei.

Citigroup, Morgan Stanley, Credit Suisse and Goldman Sachs & Co. LLC acted as joint book-running managers for the IPO. (Reporting by Shreyasee Raj in Bengaluru, Editing by Sherry Jacob-Phillips)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CITIGROUP INC. 2.79% 68.6 Delayed Quote.11.26%
CREDIT SUISSE GROUP AG 0.87% 13.365 Delayed Quote.16.23%
FORMULA ONE GROUP -1.77% 45.5 Delayed Quote.6.81%
LIBERTY BROADBAND CORPORATION 0.54% 147.84 Delayed Quote.-6.65%
LIVE NATION ENTERTAINMENT, INC. 0.18% 90.49 Delayed Quote.23.15%
MORGAN STANLEY 3.07% 79.88 Delayed Quote.13.09%
NASDAQ COMP. 0.99% 13597.965876 Delayed Quote.4.48%
SIRIUS XM HOLDINGS INC. 0.67% 5.99 Delayed Quote.-5.97%
THE GOLDMAN SACHS GROUP, INC. 3.58% 330.64 Delayed Quote.25.38%
THE HOWARD HUGHES CORPORATION 0.16% 99 Delayed Quote.25.43%
THE LIBERTY BRAVES GROUP 1.40% 29.8 Delayed Quote.19.77%
THE LIBERTY SIRIUSXM GROUP 2.97% 45.43 Delayed Quote.4.41%
TRIPADVISOR 7.62% 49.56 Delayed Quote.72.20%
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Financials
Sales 2020 22 107 M 24 410 M 24 410 M
Net income 2020 2 824 M 3 118 M 3 118 M
Net Debt 2020 - - -
P/E ratio 2020 11,8x
Yield 2020 2,19%
Capitalization 31 881 M 35 102 M 35 202 M
Capi. / Sales 2020 1,44x
Capi. / Sales 2021 1,45x
Nbr of Employees 48 770
Free-Float 97,3%
Chart CREDIT SUISSE GROUP AG
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Credit Suisse Group AG Technical Analysis Chart | MarketScreener
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Technical analysis trends CREDIT SUISSE GROUP AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 14,51 CHF
Last Close Price 13,25 CHF
Spread / Highest target 50,9%
Spread / Average Target 9,51%
Spread / Lowest Target -28,3%
EPS Revisions
Managers and Directors
NameTitle
Thomas Gottstein Chief Executive Officer
David Richard Mathers Chief Financial Officer
Urs Rohner Chairman
James Walker Chief Operating Officer
Lydie Hudson Chief Compliance & Regulatory Affairs Officer
Sector and Competitors