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Blank check company Crescent Funding files and sets terms for $250 million IPO

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Crescent Funding, a blank check company focused on acquiring a business in the FinTech sector, announced terms for its IPO on Friday.

The Los Angeles, CA-based company plans to raise $250 million by offering 25 million units at a price range of $10. At that price, Crescent Funding would command a market value of $313 million.

Crescent Funding was founded in 2017 and plans to list on the Nasdaq under the symbol CFUNU. UBS Investment Bank, BofA Merrill Lynch and Stifel are the joint bookrunners on the deal.

The article Blank check company Crescent Funding files and sets terms for $250 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, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , 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.


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

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