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Former NYSE President's SPAC Far Point Acquisition prices IPO at $10, the low end of the range


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Far Point Acquisition, a blank check company formed by former NYSE Group President Tom Farley and Third Point to acquire a fintech business, raised $550 million by offering 55 million shares at $10. Far Point Acquisition plans to list on the NYSE under the symbol FPAC.U. Credit Suisse and BofA Merrill Lynch acted as lead managers on the deal.

The article Former NYSE President's SPAC Far Point Acquisition prices IPO at $10, the low end of the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: News Headlines , IPOs



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