FinTech Evolution Acquisition Group (FTEV.U) Prices Upsized $240M IPO

FinTech Evolution Acquisition Group announced the pricing of its upsized $240 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “FTEV.U,” Tuesday, March 2.

The new company aims to combine with a target that offers technology solutions, broader technology software, or services/products to the financial services industry. FinTech Evolution is led by CEO Rohit Bhagat, COO Michael Latham and Non-Executive Chairman Charles Goldman.

Total SPAC deal count for 2021 year-to-date is now 198. This offering is expected to close on Thursday, March 4.

UBS Investment Bank is acting as sole book-running manager for the offering. Ellenoff Grossman & Schole 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.