Foley Trasimene Acquisition Corp. II (BFT.U), announced the pricing of their $1.3 billion SPAC IPO this evening and the shares are expected to begin trading tomorrow, Wednesday, August 19th, under the symbol NYSE: BFT.U.
Foley Trasimene II will be focusing on target businesses in the financial technology or information and business services sectors and will be led by William P. Foley, II, as Founder and Chairman, and Richard N. Massey, as Chief Executive Officer and Director.
Total SPAC deal count for 2020 year-to-date is now 75 with $30.2 billion in gross proceeds raised. The offering is anticipated to close on Friday, August 21, 2020.
Credit Suisse Securities (USA) LLC and BofA Securities are acting as joint book-running managers for the offering. Weil, Gotshal & Manges LLP and Davis Polk & Wardwell LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC, acted as auditor. Continental Stock Transfer & Trust Company is acting as trustee.