IPO for SPAC Supernova Partners Acquisition Company (SPNV) Opens Modestly Higher

Today's IPO for SPAC Supernova Partners Acquisition Company, Inc. (NYSE: SPNV) (NYSE: SPNV.U) opened for trading at $10.08 after pricing 35,000,000 units at a price of $10.00 per unit.

Supernova is led by Spencer Rascoff, a serial entrepreneur who co-founded Hotwire, Zillow, dot.LA and Pacaso and who led Zillow as CEO for nearly a decade; Alexander Klabin, an investor and entrepreneur who co-founded Senator Investment Group; Robert Reid, an investor who worked for 21 years at Blackstone in its Private Equity Group; and Michael Clifton, an investor who was most recently a senior investment professional at The Carlyle Group.

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