Tio Tech A (TIOAU) Prices $300M IPO


Tio Tech A (TIOAU) Prices $300M IPO

Tio Tech A announced the pricing of its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TIOAU”, Thursday, April 8.

The new company aims to combine with a technology-enabled business in Europe with an enterprise value above $750 million. Tio Tech A is led by Chairman Dominik Richter, CEO Roman Kirsch and CFO Spyro Korsanos.

Total SPAC deal count for 2021 year-to-date is now 303. This offering is expected to close on Monday, April 12.

Deutsche Bank Securities Inc. is serving as the sole book-running manager for the offering. Sullivan & Cromwell LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.