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Real estate SPAC Trinity Merger Corp. files for $300 million IPO


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Trinity Merger Corp., a blank check company formed by Trinity Investments to acquire a real estate business, filed for its IPO on Wednesday.

The Honolulu, HI-based company plans to raise $300 million by offering 30 million shares at a price of $10. At that price, Trinity Merger would command a market value of $375 million.

Trinity Merger Corp. was founded in 2018 and plans to list on the Nasdaq under the symbol TMCXU. B. Riley & Co. is the sole bookrunner on the deal. Timing on pricing was not disclosed.

The article Real estate SPAC Trinity Merger Corp. files for $300 million IPO 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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