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CM - NGP & former RSP Permian team set up Switchback IPO - August 2019



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New special purpose acquisition company Switchback Energy Acquisition Corp. priced an initial public offering of 30 million units at $10 each on July 29. The blank check company was formed in May by reunited members of RSP Permian and its former private equity backer NGP to do it all again, this time through NGP Natural Resources II. Each unit consists of one Class A common share and one-third of a redeemable warrant to buy another common share at $11.50. The units......
 
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