InFinT Acquisition Corp. (IFIN.U) Prices Upsized $173.9M IPO


InFinT Acquisition Corp. (IFIN.U) Prices Upsized $173.9M IPO

Nov 19, 2021 IPOs by Marlena Haddad

InFinT Acquisition Corp. announced the pricing of its upsized $173.9 million IPO and its units are expected to begin trading on the NYSE under the symbol “IFIN.U” Friday, November 19.

The new SPAC intends to focus on the financial software and information services companies operating at the intersection of the financial and business services sectors. InFinT is led by Chief Executive Officer Alexander Edgarov, Chief Financial Officer Sheldon Brickman, and Chairman of the Board Eric Weinstein.

Total SPAC deal count for 2021 year-to-date is now 553. This offering is expected to close on Tuesday, November 23.

EF Hutton, division of Benchmark Investments, LLC, is acting as lead book-running manager and Jones Trading Institutional Services is acting as joint book-running manager for the offering. K&L Gates LLC is serving as Issuer’s Counsel with Ortoli | Rosenstadt LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.