TPG Pace Beneficial II Corp. (YTPG) Prices $350M IPO
TPG Pace Beneficial II Corp. announced the pricing of its $350 million IPO and its shares are expected to begin trading on the NYSE under the symbol “YTPG” April 14.
TPG Pace Beneficial II is led by President Michael MacDougall, The new company aims to combine with a target that has strong ESG characteristics that is at an inflection point towards attractive risk-adjusted returns. Mr. MacDougall will be joined by Non-Executive Chairman Karl Peterson, CFO Martin Davidson, Secretary Eduardo Tamraz, and EVP of Corporate Development Carlton Ellis.
Total SPAC deal count for 2021 year-to-date is now 308. This offering is expected to close on Friday, April 16.
Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC are serving as joint book runners for the offering, and Northland Securities, Inc. and Siebert Williams Shank & Co., LLC are serving as co-managers. Weil, Gotshal & Manges LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. KPMG LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.