Tiga Acquisition Corp. announced the pricing of its upsized $240 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “TINV.U” tomorrow, Tuesday, November 24.
The new company aims to combine with a target in an emerging market with underserved capital needs or undergoing a pandemic-related transition. Tiga is led by Chairman and CEO G. Raymond Zage III alongside Director and President Ashish Gupta, CFO Diana Luo and COO Peter Chambers.
Total SPAC deal count for 2020 year-to-date is now 197 with $68.5 billion in gross proceeds raised. This offering is expected to close on Friday, November 27.
Credit Suisse Securities (USA) LLC and Goldman Sachs (Asia) LLC are acting as the book-running managers for the offering. Milbank LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.