Wheels Up starts trading on NYSE
Wheels Up Experience Inc will today start trading on the New York Stock Exchange under the ticker UP (NYSE: UP). It is the first dedicated business jet company to list on the exchange.
“Today is a special milestone for Wheels Up,” said Kenny Dichter, Founder and CEO at Wheels Up. “Since our 2013 launch, it has been our mission to create a dynamic platform to democratize private aviation making it possible for significantly more people to experience private flying. We are honored to be a public company on the NYSE, and we look forward to taking our disruptive marketplace global.”
The business aviation company has now formerly merged with special purpose acquisition company Aspirational Consumer Lifestyle Corp. (NYSE: ASPL)
“Aspirational’s purpose was always to support a premium brand that delivers a compelling vision and lifestyle experience for today’s consumer,” said Ravi Thakran, Chairman & CEO at Aspirational Consumer Lifestyle Corp, “We are thrilled for Wheels Up as they expand globally with the innovative Wheels Up Marketplace.”
Thakran is now a board member of Wheels Up.
The deal teams
Joint lead financial advisers: Goldman Sachs; Jefferies; Morgan Stanley & Co;. LLC acted as joint lead Legal advisor: Arnold & Porter Kaye Scholer
Capital markets advisors: Robert W. Baird & Co; BTIG; Raymond James & Associates; UBS Investment Bank
Aspirational Consumer Lifestyle Corp
Financial advisor: Connaught
Financial advisor, placement agent, and capital markets advisor: Credit Suisse Securities
Legal advisor: Skadden, Arps, Slate, Meagher & Flom