Frontier Investment Corp. (FICVU) Prices $200M IPO


Frontier Investment Corp. (FICVU) Prices $200M IPO

Frontier Investment Corp.  announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FICVU” Thursday, July 1.

The new SPAC aims to combine with a target that has operations in the technology, digital media, e-commerce, financial technology, or digital services sectors, across the high growth markets of the Middle East North Africa & Turkey, Sub-Saharan Africa, South Asia, and Southeast Asia.  Frontier is led by CEO and Chairman Asar Mashkoor, and CFO Arif Mansuri.

Total SPAC deal count for 2021 year-to-date is now 362. This offering is expected to close on Tuesday, July 6.

J.P. Morgan Securities LLC is the sole book-running manager for the IPO.  Loeb & Loeb LLP serving as Issuer’s Counsel with Davis Polk & Wardwell London LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.