Former NYSE President Tom Farley, Files for Second SPAC to Acquire a Fintech, Seeks $550 Million

The former NYSE President Tom Farley has filed for a second Special Purpose Acquisition Company (SPAC) initial public offering (IPO). Once again, Farley will be gunning for a Fintech, according to a post on Renaissance Capital.

Previously, Farley’s Far Peak Acquisition (NYSE: FPAC) closed on the purchase of its acquisition of Swiss fintech Global Blue.

Far Peak Acquisition is expected to list on the NYSE under the symbol FPAC.U. The company was said to have filed confidentially on October 26, 2020. FPAC.U is looking to raise up to  $550 million in the IPO.

As reported in January 2020, Global Blue, a Switzerland-based technology and payments partner empowering global merchants to capture the growth of international shoppers, had announced that it would become a publicly-traded company on the New York Stock Exchange through its merger with Far Point Acquisition Corporation.

Global Blue had noted that it was on a mission to empower merchants to capture the full potential of international shoppers. The Group offers a seamless shopping and payment journey for tourists and also provides a wide range of Added-Value Payment Solutions for all the stakeholders involved, including retailers and international shoppers. The company revealed that every year it connects worldwide 29 million international travelers and more than 200 payment providers and acquirers.

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