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Global Blue Group Holding (Far Point Acquisition) Priced, NYSE: GB

Blank check company formed by former NYSE President Tom Farley and Third Point to acquire a fintech (completed 8/24/2020).

Industry: SPAC

First Day Return: +1.6%

Industry: SPAC

We are a newly organized blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We currently intend to concentrate our efforts in identifying businesses in the financial technology, technology or financial services ("Fintech") industries that offer a differentiated technology platform and product suite for interfacing with the financial services sector. Over the past several years, there has been a rise in the level of sophistication and interconnectivity between innovative technology and financial services providers, and we expect this trend to continue and accelerate. We believe that there are many potential targets within the Fintech space that could become attractive public companies. These potential targets exhibit a broad range of business models and financial characteristics that range from very high growth innovative companies to more mature businesses with established franchises, recurring revenues and strong cash flows. Our management team will be led by Thomas Farley, who until recently served as President of the NYSE Group of Intercontinental Exchange ("ICE") from 2014 to 2018. Each unit offered consists of one share of our common stock and one-third of one warrant redeemable at $11.50.
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IPO Data
IPO File Date 05/22/2018
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 55.0
Deal Size ($mm) $550
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/11/2018
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $550
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Wilmington, DE, United States
Founded 2018
Employees at IPO 2
Website www.thirdpoint.com

Global Blue Group Holding (Far Point Acquisition) (GB) Performance