FinTech SPAC Thunder Bridge Acquisition files for a $200 million IPO

Thunder Bridge Acquisition, a blank check company formed to acquire a FinTech business, filed on Tuesday with the SEC for an initial public offering.

The Great Falls, VA-based company plans to raise $200 million by offering 20 million units at a price of $10. At that price, Thunder Bridge would command a market value of $250 million. Units consist of one share of Class A common stock and one warrant exercisable at $11.50.

The Great Falls, VA-based company was founded in 2017 and plans to list on the Nasdaq under the symbol TBRGU. Thunder Bridge Acquisition filed confidentially on October 30, 2017. Cantor Fitzgerald and CITIC CLSA are the joint bookrunners on the deal.