Betsy Cohen-backed SPAC to raise $220 mln in IPO

Reuters
2021/01/20

Jan 20 (Reuters) - Blank-check firm FTAC Athena Acquisition Corp, backed by banking entrepreneur Betsy Cohen, aims to raise about $220 million through an initial public offering $(IPO.UK)$, a regulatory filing by the firm showed on Wednesday.

The firm is offering 22 million units, which include shares and warrants, priced at $10 apiece.

The special purpose acquisition company (SPAC) said it intends to identify a technology or fintech company, although it may pursue a business combination outside of those industries. ()

SPACs are shell companies which raise money through an IPO with the purpose of effecting a merger with an operating entity, and were an immmensely popular investment vehicle last year.

Cohen's FinTech Acquisition Corp IV in December agreed to take boutique investment bank Perella Weinberg Partners public, in a deal valued at $975 million.

Cohen, one of the earliest female entrepreneurs in the commercial banking industry, founded her first bank in 1974 and later went on to set up businesses in Hong Kong and Brazil.

FTAC Athena plans to list its units on the Nasdaq. Cantor is the lead underwriter for the offering.

(Reporting by Sohini Podder in Bengaluru; Editing by Ramakrishnan M.)

((sohini.podder@thomsonreuters.com;))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10