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Fintech SPAC FinServ Acquisition prices upsized $220 million IPO at $10

October 31, 2019

FinServ Acquisition, a blank check company targeting the fintech industry led by finance veterans, raised $220 million by offering 22 million units at $10. The company upsized its share offering by 2.0 million units, raising $20 million more than anticipated. FinServ Acquisition plans to list on the Nasdaq under the symbol FSRVU. Barclays and Cantor Fitzgerald acted as lead managers on the deal.