Supernova Partners Acquisition opens at $10.08, IPO priced at $10

Supernova Partners Acquisition priced its upsized initial public offering of 35M units at a price of $10.00 per unit. Supernova is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Supernova intends partner with an "advantaged growth company that benefits from thematic shifts and tech-enabled trends, with large addressable market, competitive differentiation and a transparent corporate culture anchored in strong values." Supernova is led by Spencer Rascoff, who co-founded Hotwire and Zillow. The units are listed on the New York Stock Exchange and trade under the ticker symbol "SPNV.U". After the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NYSE under the symbols "SPNV" and "SPNV WS," respectively. J.P. Morgan and Jefferies are acting as book runners for the offering.