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home / news releases / GB - Fintech SPAC Far Peak Acquisition prices $550M IPO

GB - Fintech SPAC Far Peak Acquisition prices $550M IPO

Global Blue Group Holding AG
The second blank check company formed by former NYSE President Tom Farley, Far Peak Acquisition Corporation (FPACU) has priced its initial public offering of 55M units at $10/unit.Underwriters' over-allotment is an additional 8.25M units.Trading commences today on New York Stock Exchange.Each unit consist of one Class A ordinary share and one-third of one redeemable warrant at $11.50/share.The company plants to target businesses in the financial technology, technology, or financial services industries with enterprise values over $2B.Farley and Bonanno's previous SPAC, Far Point Acquisition, went public in June 2018 and completed its acquisition of Swiss fintech Global Blue (GB) in August 2020

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Fintech SPAC Far Peak Acquisition prices $550M IPO
Stock Information
Company Name: Global Blue Group Holding AG
Stock Symbol: GB
Market: NYSE
Website: globalblue.com
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