ExcelFin Acquisition Corp. (XFINU) Prices $200M IPO


ExcelFin Acquisition Corp. (XFINU) Prices $200M IPO

Oct 20, 2021 IPOs by Marlena Haddad

ExcelFin Acquisition Corp. announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “XFINU” Thursday, October 21.

The new SPAC intends to focus its search on high-quality growth-oriented companies in the FinTech business-to-business software-as-a-service sector.  ExcelFin is led by Chairman of the Board Jennifer Hill, CEO Logan Allin, COO Ren Riley, CFO Joe Ragan, and EVP Brian Sun.

Total SPAC deal count for 2021 year-to-date is now 483. This offering is expected to close on Monday, October 25.

UBS Investment Bank is acting as the sole book-running manager in the offering. Exos Securities LLC and KeyBanc Capital Markets are acting as co-managers in the offering. Shearman & Sterling LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. U.S. Bank National Association is acting as trustee.