Thayer Ventures Acquisition Corporation (TVACU) Prices $150M IPO

SPAC pricing

Thayer Ventures Acquisition Corporation (TVACU) Prices $150M IPO

Thayer Ventures Acquisition Corporation announced the pricing of its $150 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “TVACU” tomorrow, Friday, December 11.

The new company aims to combine with a business in the travel and technology sectors including software, marketplaces or data platforms. Thayer is led by Co-CEO, Co-President, CFO and Director Mark E. Farrell alongside Co-CEO, Co-President, Secretary and Director Christopher Hemmeter.

Total SPAC deal count for 2020 year-to-date is now 230 with $77.3 billion in gross proceeds raised. This offering is expected to close on Tuesday, December 15.

Stifel, Nicolaus & Company Inc. and Oppenheimer & Co. Inc. are acting as joint book-running managers for the offering. Goodwin Procter LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.