CF Finance Acquisition Corp. (CFFAU), the Cantor Fitzgerald sponsored SPAC, priced their $250 million IPO this evening and the units are expected to begin trading on Thursday, December 13th, under the symbol Nasdaq: CFFAU.
CF Finance intends to focus on companies in the financial or real estate services sectors and will be led by senior management from Cantor Fitzgerald. Specifically, Howard Lutnick, who is the current Chairman and CEO of Cantor, who will also be in the driver’s seat of CF Finance, leading as Chairman and CEO as well.
This brings the 2018 year-to-date deal count to 45 with $10.65 billion in gross proceeds raised.
Congratulations to all.
Cantor Fitzgerald & Co. is acting as the sole book running manager for the offering.