Ex-Credit Suisse CEO Raises $300M for Financial Services-Focused SPAC
Former Credit Suisse Group AG Chief Executive Officer Tidjane Thiam raised $300 million for his blank-check company after boosting the size of the deal.
Thiam’s Freedom Acquisition I Corp. sold 30 million units at $10 apiece in its U.S. initial public offering, it said in a statement Friday. The special purpose acquisition company, which is targeting deals in the financial services industry, was earlier targeting to raise $250 million.
The strong demand shows how industry veterans can trade on their strong name recognition to raise cash at a time when SPACs are booming like never before. Freedom Acquisition’s units, which represent one Class A ordinary share and one-fourth of a redeemable warrant, will start trading Friday on the New York Stock Exchange under the “FACT.U” ticker.
Ex-Credit Suisse CEO Thiam Raises $300 Million for Upsized SPAC
This content was published on February 26, 2021 - 09:12
February 26, 2021 - 09:12
(Bloomberg) Former Credit Suisse Group AG Chief Executive Officer Tidjane Thiam raised $300 million for his blank-check company after boosting the size of the deal.
Thiam’s Freedom Acquisition I Corp. sold 30 million units at $10 apiece in its U.S. initial public offering, it said in a statement Friday. The special purpose acquisition company, which is targeting deals in the financial services industry, was earlier targeting to raise $250 million.
The strong demand shows how industry veterans can trade on their strong name recognition to raise cash at a time when SPACs are booming like never before. Freedom Acquisition’s units, which represent one Class A ordinary share and one-fourth of a redeemable warrant, will start trading Friday on the New York Stock Exchange under the “FACT.U” ticker.
San Antonio s USAA donating $350,000 in storm s aftermath
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The USAA Foundation is donating $350,000 to six nonprofit organizations to assist with homelessness and food insecurity. A motorist makes his way down Vance Jackson Road last week.Kin Man Hui /Staff photographer
The USAA Foundation Inc. has committed to donate $350,000 to six local and national nonprofits to assist families in Texas affected by last week’s winter storm.
The six organizations that will receive grants are the San Antonio Food Bank and Haven for Hope in San Antonio; Team Rubicon, a national veterans organization that responds to disasters; and the Metro Dallas Homeless Alliance, Harmony Community Development Corp. and Minnie’s Food Pantry, all in Dallas.
InnovAge Announces Launch of Initial Public Offering
DENVER, Feb. 24, 2021 (GLOBE NEWSWIRE) InnovAge Holding Corp. (InnovAge) today announced the launch of its initial public offering of 16,666,667 shares of its common stock. InnovAge also intends to grant the underwriters a 30-day option to purchase up to an additional 2,500,000 shares of InnovAge’s common stock. The initial public offering price is currently expected to be between $17.00 and $19.00 per share. InnovAge has applied to list its common stock on the Nasdaq Global Select Market (Nasdaq) under the ticker symbol “INNV.”
J.P. Morgan Securities LLC, Barclays Capital Inc., Goldman Sachs & Co. LLC and Citigroup are acting as joint lead book-running managers of the offering and as representatives of the underwriters. Robert W. Baird & Co. Incorporated, William Blair & Company, L.L.C., Piper Sandler & Co. and Capital One Securities, Inc. are acting as joint book-running managers of the offering. Loop Capital Markets LL
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