FinServ Acquisiton Corp. (FSRVU) Prices Upsized $220M SPAC IPO

SPAC pricing

FinServ Acquisiton Corp. (FSRVU) Prices Upsized $220M SPAC IPO

Oct 31, 2019 INTEL by Kristi Marvin

FinServ Acquisition Corp. (FSRVU), announced the pricing of their upsized $220 million SPAC IPO this evening. FinServ’s units are expected to begin trading Friday, November 1st, under the symbol Nasdaq: FSRVU.

FinServ Acquisition Corp. intends to focus on the financial services and fintech sectors and will be led by Lee Einbinder, who is the former Vice Chairman of Barclays.

Total SPAC deal count for 2019 year-to-date is now 46 with $11.05 billion in gross proceeds raised. The offering is expected to close on Tuesday, November 5, 2019.

Congratulations to all.


Barclays and Cantor Fitzgerald acted as joint senior book-running managers for the offering. Ellenoff Grossman & Schole LLP and Kirkland & Ellis LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively.

 

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