Thoma Bravo Advantage (TBA) Prices $900M IPO


Thoma Bravo Advantage (TBA) Prices $900M IPO

Thoma Bravo Advantage announced the pricing of its $900 million IPO this evening and its shares are expected to begin trading on the NYSE under the symbol “TBA” Friday, January 15.

The new company aims to combine with a market-leading, fast-growing software franchise with recurring revenue streams in a fragmented market. Thoma Bravo Advantage is led by CEO Robert Sayle, CFO Amy Coleman Redenbaugh and Corporate Secretary Steven Schwab.

Total SPAC deal count for 2021 year-to-date is now 52 with $14.4 billion in gross proceeds raised. This offering is expected to close on Wednesday, January 20.

Citigroup, Deutsche Bank Securities, Goldman Sachs & Co. LLC and Credit Suisse are serving as underwriters for the offering. Cadwalader, Wickersham & Taft LLP is serving as Issuer’s Counsel with Latham & Watkins LLP serving as Underwriter’s Counsel. WithumSmtih+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.