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SPAC HF2 Financial Management sets terms for $153 million IPO
By: Renaissance Capital
HF2 Financial Management, a blank check company formed to
acquire a financial services company, announced terms for its IPO
on Tuesday. The Denver, CO-based company plans to raise $153
million by offering 15.3 million shares at a price of $10. At the
proposed offer price, H2 Financial Management would command a
fully diluted market value of $405 million.
The company also changed its name from H2 Financial Management to HF2 Financial Management. The company, which was founded in 2012, plans to list on the NASDAQ under the symbol HTWO. EarlyBird Capital is the lead underwriter on the deal.