We advised Corsair Partnering Corporation, a SPAC, on its IPO and NYSE listing

Davis Polk advised Corsair Partnering Corporation on its $250 million initial public offering of 25,000,000 units. Each unit had an initial offering price of $10 and consists of one Class A ordinary share and one-third of one redeemable warrant. The units, the shares and the warrants are listed on the New York Stock Exchange.

The company is a newly incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting a business combination with one or more businesses. Corsair Partnering Corporation intends to focus on businesses that are market-leading financial or business services franchises and have strong management teams, demonstrated opportunities for continued growth, sustainable and proven unit economics, and present an opportunity to drive value through technology and innovation.

The Davis Polk corporate team included partners Derek Dostal and John D. Amorosi, counsel Joseph S. Payne and associates Elijah D. Jenkins and Livia Maas. The tax team included partners Lucy W. Farr and Patrick E. Sigmon and associates Aliza Slansky and Yixuan Long.  All members of the Davis Polk team are based in the New York office.