No relaxing at the beach: SPAC TPG Pace Holdings files for a $400 million IPO

TPG Pace Holdings, a TPG-backed blank check company formed by hotwire.com founder Karl Peterson, filed on Wednesday with the SEC to raise up to $400 million in an initial public offering.

The Fort Worth, TX-based company was formed in 2017 and it plans to list on the NYSE under the symbol TPGH.U. Deutsche Bank, Goldman Sachs and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.