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Ex-Credit Suisse CEO Raises $300M for Financial Services-Focused SPAC


Ex-Credit Suisse CEO Raises $300M for Financial Services-Focused SPAC
Former Credit Suisse Group AG Chief Executive Officer Tidjane Thiam raised $300 million for his blank-check company after boosting the size of the deal.
Thiam’s Freedom Acquisition I Corp. sold 30 million units at $10 apiece in its U.S. initial public offering, it said in a statement Friday. The special purpose acquisition company, which is targeting deals in the financial services industry, was earlier targeting to raise $250 million.
The strong demand shows how industry veterans can trade on their strong name recognition to raise cash at a time when SPACs are booming like never before. Freedom Acquisition’s units, which represent one Class A ordinary share and one-fourth of a redeemable warrant, will start trading Friday on the New York Stock Exchange under the “FACT.U” ticker. ....

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Ex-Credit Suisse CEO Thiam Raises $300 Million for Upsized SPAC


Ex-Credit Suisse CEO Thiam Raises $300 Million for Upsized SPAC
This content was published on February 26, 2021 - 09:12
February 26, 2021 - 09:12
(Bloomberg) Former Credit Suisse Group AG Chief Executive Officer Tidjane Thiam raised $300 million for his blank-check company after boosting the size of the deal.
Thiam’s Freedom Acquisition I Corp. sold 30 million units at $10 apiece in its U.S. initial public offering, it said in a statement Friday. The special purpose acquisition company, which is targeting deals in the financial services industry, was earlier targeting to raise $250 million.
The strong demand shows how industry veterans can trade on their strong name recognition to raise cash at a time when SPACs are booming like never before. Freedom Acquisition’s units, which represent one Class A ordinary share and one-fourth of a redeemable warrant, will start trading Friday on the New York Stock Exchange under the “FACT.U” ticker. ....

Abhishek Bhatia , Adam Gishen , Tidjane Thiam , Morgan Stanley , Bloomberg Former Credit Suisse Group , York Stock Exchange , Thiam Freedom Acquisitioni Corp , Loop Capital Markets , Credit Suisse , Deutsche Bank , Academy Securities Inc , Siebert Williams Shank Co , Pacific Investment Management Co , Group Ltd , Jpmorgan Chase Co , New York Stock Exchange , Drexel Hamilton , R Seelaus Co , Chief Executive Officer Tidjane Thiam , Pacific Investment Management , Siebert Williams Shank , Business General , அபிஷேக் பாட்டியா , மோர்கன் ஸ்டான்லி , ப்ளூம்பெர்க் முன்னாள் கடன் ஸ்யூயி குழு , யார்க் ஸ்டாக் பரிமாற்றம் ,