Figure Acquisition Corp. I (FACA.U) Prices $250M IPO


Figure Acquisition Corp. I (FACA.U) Prices $250M IPO

Feb 18, 2021 IPOs by Kristi Marvin

Figure Acquisition Corp. I announced the pricing of its $250 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “FACA.U,” Friday, February 19.

Figure Acquisition Corp I aims to pursue opportunities in the financial technology and financial services sector. The company is led by Chairman Michael Cagney and President and CEO Christopher D. Davies.

Total SPAC deal count for 2021 year-to-date is now 158 with a total of $48.0 in proceeds raised. This offering is expected to close on Tuesday, February 23.

Citigroup Global Markets Inc. is acting as the sole book-running manager of the offering. Piper Sandler & Co. is acting as co-manager. Davis Polk & Wardwell LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.