FinServ Acquisition Corp. II (FSRXU) Prices Upsized $265M IPO

IPO

FinServ Acquisition Corp. II (FSRXU) Prices Upsized $265M IPO

FinServ Acquisition Corp. II announced the pricing of its upsized $265 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “FSRXU,” Thursday, February 18.

The new company aims to combine with a fintech business valued between $500 million and $2 billion that is disrupting traditional services. FinServ II is led by CEO Lee Einbinder, President Howard Kurz and CFO Steven Handwerker.

Total SPAC deal count for 2021 year-to-date is now 154 with a total of $46.7 billion in proceeds raised. This offering is expected to close on Monday, February 22.


Citigroup Global Markets Inc. and Barclays Capital Inc. are serving as joint book-running managers for this offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.

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