Spartan Energy Acquisition Corp. priced its initial public offering of 48,000,000 units at $10 per unit and will be listed in the New York Stock Exchange under the ticker "SPAQ.U" starting Aug. 10, according to an Aug. 9 release.

Net proceeds from the offering and its private placements of warrants will be used to complete the company's initial business combination.

The IPO is expected to close Aug. 14.

Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC are acting as joint book-running managers and Jefferies LLC, RBC Capital Markets LLC and Tudor Pickering Holt & Co. Securities Inc. are acting as co-managers for the offering.