Launch Two Acquisition Corp.
LPBBU
NASDAQ Global Market10.74
USD
- -
- -
CIK
0002023676
ISIN
KYG5S87A1214
Return %
Stock
S&P500
1Y
2.68
26.53
3Y
7.51
76.60
5Y
7.51
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- James Joseph McEntee Jr.
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 180 Grand Avenue Oakland CA United States of America 94612
- IPO Date
- Oct 8, 2024
- CIK
- 0002023676
- Website
- launchtwoacquisitioncorp.com
- Similar Companies
- Business
- Launch Two Acquisition Corp. is a blank check company whose principal business activity involves effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company focuses primarily on technology and software infrastructure companies whose products and services target financial services, real estate and asset management companies; it may pursue acquisition opportunities in any business or industry or at any stage of corporate evolution, with an emphasis on established businesses of scale led by highly regarded management teams. Incorporated in 2024 in the Cayman Islands and headquartered at 180 Grand Avenue, Suite 1530, Oakland, California, the company operates as a subsidiary of Launch Two Sponsor LLC and trades on Nasdaq under the ticker symbols LPBB, LPBBU and LPBBW. In October 2024, Launch Two Acquisition Corp. completed a $230 million initial public offering, upsized from an initial $200 million pricing, with gross proceeds of $231.15 million including a private placement of warrants placed in trust; units began trading on October 8, 2024, followed by separate trading of Class A ordinary shares and warrants commencing November 29, 2024. Cantor Fitzgerald & Co. served as the sole book-running manager for the IPO, during which the company raised capital through 23 million units priced at $10.00 each, each consisting of one Class A ordinary share and one-half of a redeemable warrant exercisable at $11.50 per whole warrant. The company, led by Chief Executive Officer and Chairman James J. McEntee III and Chief Financial Officer Jurgen van de Vyver, maintains no significant current operations pending completion of its initial business combination.