Tio Tech A announced the pricing of its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TIOAU”, Thursday, April 8.
The new company aims to combine with a technology-enabled business in Europe with an enterprise value above $750 million. Tio Tech A is led by Chairman Dominik Richter, CEO Roman Kirsch and CFO Spyro Korsanos.
Total SPAC deal count for 2021 year-to-date is now 303. This offering is expected to close on Monday, April 12.
Deutsche Bank Securities Inc. is serving as the sole book-running manager for the offering. Sullivan & Cromwell LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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