Fintech Ecosystem Development Corp. (FEXDU) Prices $100M IPO


Fintech Ecosystem Development Corp. (FEXDU) Prices $100M IPO

Oct 18, 2021 IPOs by Marlena Haddad

Fintech Ecosystem Development Corp. announced the pricing of its $100 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “FEXDU” Tuesday, October 19.

The new SPAC intends to pursue prospective targets in South Asia with particular emphasis on the financial technology industry. Fintech Ecosystem Development Corp. is led by CEO Dr. Saiful Khandaker along with CFO Jenny Junkeer.

Total SPAC deal count for 2021 year-to-date is now 473. This offering is expected to close on Thursday, October 21.

EF Hutton, a division of Benchmark Investments, LLC, is acting as the sole book running manager for the offering. Cadwalader, Wickersham & Taft LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.