Trebia Acquisition Corp. (TREB.U) Prices Upsized $450M SPAC IPO

Trebia Acquisition Corp. (TREB.U), announced the pricing of their upsized $450 million SPAC IPO tonight and the units are expected to begin trading tomorrow, Wednesday, June 17th, under the symbol NYSE: TREB.U

While Trebia may pursue an initial business combination target in any business or industry, it intends to focus on the financial services, technology, software, data, data analytics and related areas. The Sponsors of the Company are BGPT Trebia LP, an affiliate of Bridgeport Partners LLC, led by Frank Martire, Jr, and Trasimene Trebia, LP, an affiliate of Trasimene Capital Management, LLC, led by William P. Foley, II.

Total SPAC deal count for 2020 year-to-date is now 32 with $10.383 billion in gross proceeds raised. The offering is anticipated to close on Friday, June 19, 2020.

Credit Suisse Securities (USA) LLC and BofA Securities, Inc. acted as joint book-running managers of the offering. Moelis & Company LLC is acting as the co-manager for the offering. Weil, Gotshal & Manges LLP and Davis Polk & Wardwell LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively. Marcum LLP, acted as auditor.