Chinh E. Chu Of CC Capital Rings Bell For Collier Creek IPO
Pinnacle Foods Chairman Roger Deromedi , along with former Co executive chairman as and former Senior Managing Director at Blackstone Group, Jason K. Giordano and Chinh E. Chu, found Collier Creek Holdings. The founders announced their terms for an IPO for their blank check company this past week.
The New York, stationed company intends to raise $350 million through the offering 35 million units at a price range of $10 a piece. An intended unit will consist of one share of common stock and one third of one warrant to purchase one share of common stock at a price of $11.50 a share. With the latter in mind, Collier Creek would sway a market value of $446 million on a a fully diluted basis.
As for the three founders, Roger Deromedi maintains a position as Co-Executive Chairman since June 2018 and has served as Independent Chairman of Pinnacle foods as well as Executive Chairman going back to 2007. Deromedi also served as CEO of the Kraft from 2003 through 2006.
On October 5, 2018 Collier Creek Holdings had their initial public offering of 40,000,000 units at a price of $10.00 per unit. They will trade under the ticker symbol "CCH.U".
The pricing of its initial public offering of 40,000,000 units was at a price of $10.00 per unit. The units are listed on the New York Stock Exchange ("NYSE") and trade under the ticker symbol "CCH.U" as of October 5, 2018.
At a very exciting moment at the NYSE the director of CC Capital Chinh E. Chu said "We are proud to celebrate this important milestone for Collier Creek by ringing the Closing Bell® at the NYSE. We have brought together a talented and experienced management team as well as a terrific board to best position us to drive value for our shareholders."
Thank you to the "Private Investor Watch" for contributing this Article to the Queens Ledger.