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Tishman Speyer Innovation Corp. II (TSIBU) Prices Upsized $300M IPO


Tishman Speyer Innovation Corp. II (TSIBU) Prices Upsized $300M IPO

Tishman Speyer Innovation Corp. II announced the pricing of its upsized $300 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “TSIBU” Friday, February 12.

The new company aims to combine with a later-stage proptech business that could benefit from the SPAC team’s global network. Tishman Speyer II is led by CEO and Chairman Robert J. Speyer alongside COO and CFO Paul A. Galiano and CIO Jenny Wong.

Total SPAC deal count for 2021 year-to-date is now 136 with $41.1 billion in gross proceeds raised. This offering is expected to close on Wednesday, February 17.

BofA Securities and Allen & Company LLC are acting as joint book-running managers for the offering. Sullivan & Cromwell LLP is serving as Issuer’s Counsel with Weil, Gotshal & Manges LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.