Renaissance Capital logo

Blank check company Universal Business Payment Solutions Acquisition prices IPO at $6, raising $72 million

May 10, 2011

Universal Business Payment Solutions Acquisition, a blank check company led by executives with experience in retail banking and payment solutions, raised $72 million by offering 12 million units at $6. Universal Business Payment Solutions Acquisition will list on the NASDAQ under the symbol UBPS-U. EarlyBird Capital, Inc. and Rodman & Renshaw acted as lead managers on the deal.