IPOs

Victory Park Capital's fintech SPAC VPC Impact Acquisition prices $200 million IPO at $10

VPC Impact Acquisition Holdings, a blank check company formed by Victory Park Capital to acquire a fintech business, raised $200 million by offering 20 million units at $10. Each unit consists of one ordinary share and one-half of one redeemable warrant, exercisable at $11.50.

The SPAC is led by Chairman and CEO John Martin, a Senior Partner at Victory Park Capital. Martin previously worked at Antares Capital (1996-2019), most recently as co-CEO. The company plans to target high-growth businesses in the fintech industry with enterprise values between $800 million and $2 billion.

VPC Impact Acquisition Holdings plans to list on the Nasdaq under the symbol VIHAU. Jefferies acted as a lead manager on the deal.

The article Victory Park Capital's fintech SPAC VPC Impact Acquisition prices $200 million IPO at $10 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.

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