Far Point Acquisition, a blank check company formed by former NYSE Group President Tom Farley and Third Point to acquire a fintech business, raised $550 million by offering 55 million units at $10. Each unit consists of one share of common stock and one-third of one warrant redeemable at $11.50. At pricing, the company will command a market value of $625 million. Far Point Acquisition plans to list on the NYSE under the symbol FPAC.U. Credit Suisse and BofA Merrill Lynch acted as lead managers on the deal.
