Far Peak Acquisition Corporation (FPAC.U) Prices $550M IPO


Far Peak Acquisition Corporation (FPAC.U) Prices $550M IPO

Far Peak Acquisition Corporation announced the pricing of its $550 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “FPAC.U” tomorrow, Thursday, December 3.

The new company aims to combine with a fintech target or company with commerce-enabling technology that is at an inflection point for major growth. Far Peak is led by CEO, President and Chairman Thomas W. Farley alongside CFO, Secretary and Director David W. Bananno.

Total SPAC deal count for 2020 year-to-date is now 206 with $71.2 billion in gross proceeds raised. This offering is expected to close on Monday, December 7.

Wells Fargo Securities, LLC is acting as the sole book-running manager of the offering. Morgan, Lewis & Bockius LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.