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FTAC Olympus Acquisition Corp. (FTOCU) Prices $750M IPO


FTAC Olympus Acquisition Corp. (FTOCU) Prices $750M IPO

FTAC Olympus Acquisition Corp. announced the pricing of its $750 million IPO this evening and units are expected to begin trading on the Nasdaq under the symbol “FTOCU” tomorrow, Wednesday, August 26th.

The new SPAC aims to find a combination target in the fintech sector and will be led by Ryan M. Gilbert as President, Chief Executive Officer and Director. Betsy Z. Cohen will be Chairman of the Board.

Total SPAC deal count for 2020 year-to-date is now 79 with $32.04 billion in gross proceeds raised. The offering is anticipated to close on Friday, August 28, 2020.

Citigroup Global Markets Inc. and Cantor Fitzgerald & Co. are serving as the joint book-running managers for the offering. Ledgewood and Ellenoff Grossman & Schole LLP, are Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC are acting as auditor. Continental Stock Transfer & Trust Company is acting as trustee.