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New York-based aviation-for-hire company Wheels Up is expected to go public via a merger with a special purpose acquisition company. We'll update this page as new information emerges.
For-hire aviation company Wheels Up is planning to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company. SPACs are companies with no commercial operations that exist purely to raise capital through IPOs. [No date has been announced yet]OR[the deal is expected to close on (date)].
The SPAC, Aspirational Consumer Lifestyle Corporation, originally went public in September 2020. After the merger, the company will trade on the New York Stock Exchange under the ticker "UP."
Once Wheels Up goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
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