Far Peak Acquisition Company, a SPAC shaped by Tom Farley, the Former NYSE President, raised gross proceeds of $550 million in an preliminary public providing (IPO) this week. Shares are buying and selling underneath ticker image FPAC.U.
Beforehand, Farley’s earlier SPAC went public in June 2018 and accomplished its acquisition of Swiss fintech International Blue in August 2020.
This latest SPAC is looking for a goal within the Fintech sector. In keeping with the S-1 submitting:
“With increased adoption of Fintech solutions by both customers and businesses, we believe that the sector is poised for continued growth in both overall market size and penetration. We do not intend to limit our search to one segment of the Fintech ecosystem, but will instead target a wide variety of companies that deliver a technology solution to the financial services end-market, inclusive of both consumer and back-office services. We believe that our extensive experience and demonstrated success in both investing and operating businesses in this industry has culminated in a unique set of capabilities that will be utilized in generating shareholder returns.”
On one other be aware, Farley visited the digital studio of CNBC this week sharing his expertise of coping with COVID earlier this 12 months. Farley shared that he had a fever of 102 to 103.5 for 15 days straight and was bedridden for one more week. He additionally mentioned he misplaced 25 kilos.
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