IPO for SPAC Freedom Acquisition I Corp. (FACT) Opens at $10.10

February 26, 2021 11:10 AM EST

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Today's IPO for SPAC Freedom Acquisition I Corp. (NYSE: FACT) (NYSE: FACT-U) opened for trading at $10.10 after pricing 30,000,000 units at $10.00 per unit.

The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to pursue a target in the financial services sector. Freedom Acquisition’s founders include Tidjane Thiam, Adam Gishen and Abhishek Bhatia. A private fund affiliated with Pacific Investment Management Company LLC (PIMCO) is a member of the Company’s sponsor.

J.P. Morgan is acting as the lead book-running manager of the offering. Deutsche Bank Securities and Morgan Stanley are acting as book-running managers of the offering. Academy Securities, Drexel Hamilton, Loop Capital Markets, R. Seelaus & Co., LLC and Siebert Williams Shank are acting as co-managers of the offering.

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Deutsche Bank, JPMorgan, Pacific Investment Management Company, LLC (PIMCO), Morgan Stanley, Definitive Agreement, IPO, Drexel Hamilton, SPAC