TPG Pace Solutions Corp. announced the pricing of its $250 million IPO and its shares are expected to begin trading on the NYSE under the symbol “TPGS”, Friday, April 9.
The new company aims to combine with a business that addresses a large consumer market that is underperforming its potential. TPG Pace Solutions is led by President Eduardo Tamraz, CFO Martin Davidson, Non-Executive Chairman and EVP of Corporate Development and Secretary Carlton Ellis.
Total SPAC deal count for 2021 year-to-date is now 304. This offering is expected to close on Tuesday, April 13.
Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC are serving as joint book runners for the offering, and Northland Securities, Inc. and Siebert Williams Shank & Co., LLC are serving as co-managers. Weil, Gotshal & Manges LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. KPMG LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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