Fintech Acquisition Corp. V (FTCVU) Prices Upsized $218M IPO


Fintech Acquisition Corp. V (FTCVU) Prices Upsized $218M IPO

Fintech Acquisition Corp. V announced the pricing of its $218 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “FTCVU” tomorrow, Friday, December 4.

The new company aims to combine with a target that provides data processing, storage and transmission services for the fintech industry. Fintech V is led by Chairman Betsy Z. Cohen, CEO Daniel G. Cohen, President James J. McEntee III, and CFO Douglas Listman.

Total SPAC deal count for 2020 year-to-date is now 210 with $72.3 billion in gross proceeds raised. This offering is expected to close on Tuesday, December 8.

Cantor Fitzgerald & Co. is acting as the sole book-running manager of the offering. Ledgewood PC is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.