JOFF Fintech Acquisition Corp. announced the pricing of its upsized $360 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “JOFFU” Friday, February 5.
The new company aims to combine with a financial services business valued at $700 million to $2 billion with a focus on fintech, gaming and asset management. JOFF is led by CEO Joel Leonoff, alongside President and Secretary Hillel Frankel, CFO Peter J.S. Smith and Senior VP Fraz Ahmed.
Total SPAC deal count for 2021 year-to-date is now 115 with $34.1 billion in gross proceeds raised. This offering is expected to close on Tuesday, February 9.
RBC Capital Markets. is acting as the sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.