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FTAC Hera Acquisition Corp. Announces Completion of $851 million Initial Public Offering, Including Partial Exercise of Over-Allotment Option


FTAC Hera Acquisition Corp. Announces Completion of $851 million Initial Public Offering, Including Partial Exercise of Over-Allotment Option
03/09/2021 | 04:45pm EDT
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PHILADELPHIA, PA, March 09, 2021 (GLOBE NEWSWIRE) FTAC Hera Acquisition Corp. (NASDAQ:HERAU) (the “Company”), a blank-check company led by Betsy Z. Cohen as Chairman of the Board and Daniel G. Cohen as President and Chief Executive Officer formed for the purpose of acquiring or merging with one or more technology and financial services technology companies, announced the completion of its initial public offering on March 8, 2021 and the partial exercise of the underwriters’ over-allotment option today, resulting in the sale of 85,147,760 units at a price of $10.00 per unit, for gross proceeds to the Company of $851,477,600. The Company s units began trading on the Nasdaq Capital Market under the symbol HERAU on March 4, 2021. Each unit issued in ....

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Utility is success? Row brews over futures post-trade workflows


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“Utility is success,” Thomas Edison once claimed, arguing he wasn’t motivated to invent things that didn’t sell well: if no-one used them, what was the point?
Firms with competing visions of a more robust post-trade architecture for futures and options might bear this in mind. Market participants think standardizing trade allocations could prevent a repeat of the chaos that resulted from the thousands of trade breaks witnessed during last year’s Covid volatility, with many calling for a new
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