Fintech Acquisition Corp. IV (FTIVU) Prices $200M IPO


Fintech Acquisition Corp. IV (FTIVU) Prices $200M IPO

Sep 24, 2020 INTEL by Kristi Marvin

Fintech Acquisition Corp. IV announced the pricing of its $200 million IPO this evening and the units are expected to begin trading on the NASDAQ under the symbol “FTIVU” tomorrow, Friday, September 25.

The company aims to combine with a target providing technological services to the financial services industry, with particular emphasis on businesses that provide data processing, storage and transmission services, data bases and payment processing services. FTIVU is led by CEO Daniel G. Cohen and President James J. McEntee, III.

Total SPAC deal count for 2020 year-to-date is now 111 with $42.3 billion in gross proceeds raised. This offering is expected to close on Tuesday, September 29.

Cantor Fitzgerald & Co. and Wells Fargo Securities, LLC acted as joint book running managers for the offering. Ledgewood PC serves as Issuer’s Counsel with Ellenoff Grossman & Shole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC, serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.