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Finance of America Companies (Replay Acquisition) Priced, NYSE: FOA

Blank check company formed to acquire a business in Argentina or Brazil (completed 4/1/2021).

Industry: SPAC

First Day Return: +0.5%

Industry: SPAC

We are a newly organized blank check company. While we may pursue a business combination target in any business, industry or geographical location, we intend to focus our search for a target in Argentina and/or Brazil. Both countries are recovering from years of macroeconomic and political instability, which discouraged investment and hindered growth. Although significant risks to the recoveries of these economies persist, we believe that these countries are characterized by strong long-term growth prospects, currently supported by favorable political tailwinds. The Argentine government has implemented and continues to pursue a series of key economic and structural reforms while the new Brazilian administration has sent early signs that it will follow a market-friendly agenda. We intend to focus our search for a target in industries that we believe have favorable prospects and a high likelihood of generating strong risk-adjusted returns for our shareholders. Targeted industries include, but are not limited to, the consumer, telecommunications and technology, energy, financial services and real estate sectors, which we refer to as the Latin America opportunity sectors. Our management team is led by our founders, Edmond Safra, Gregorio Werthein and Gerardo Werthein. Our founders collectively have decades of experience investing in, managing and operating companies in Argentina across a variety of industries. Our founders also have decades of experience investing in Brazil.
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IPO Data
IPO File Date 03/15/2019
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 25.0
Deal Size ($mm) $250
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/03/2019
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $250
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters New York, NY, United States
Founded 2018
Employees at IPO 3

Finance of America Companies (Replay Acquisition) (FOA) Performance