SPAC and fintech to raise $220 million
Post-IPO the company will list on Nasdaq under the ticker NFINU
Netfin Acquisition Corp filed with the SEC to raise $220 million in an initial public offering (IPO).
Based in New York, Netfin is a SPAC and fintech.
[A SPAC is a listed special purpose acquisition company that issues capital via an IPO to acquire other companies]
The company is run by finance professionals who are evidently looking for acquisitions in the high-growth fintech industry.
The IPO will comprise 22 million units each of $10. A unit contains one share of common stock and one warrant that will entitle the holder to purchase another share at $11.50 per share.
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