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Payoneer (FTAC Olympus Acquisition) Priced, Nasdaq: PAYO

Blank check company led by SPAC veteran Betsy Cohen and Propel Venture's Ryan Gilbert targeting fintech (completed 6/28/2021).

Industry: SPAC

First Day Return: -0.7%

Industry: SPAC

We are a newly incorporated blank check company. We currently intend to concentrate our efforts on identifying technology and financial services technology, or fintech, companies that power transformation and innovation. Our expertise lends itself well to pursuing platforms related to the financial services, real estate, insurance, ecommerce and related technology infrastructure sectors, but we are not required to complete our initial business combination with a business in these industries and, as a result, we may pursue a business combination outside of these industries. We expect to pursue global businesses but may also acquire a domestic company. We do not intend to acquire companies that have speculative business plans or are excessively leveraged. We will seek to capitalize on the significant technology, financial services, financial technology and banking experience and contacts of Betsy Z. Cohen, our Chairman of the Board, Ryan Gilbert, our President and Chief Executive Officer, and Shami Patel, our Chief Operating Officer, and our board of directors, to identify, evaluate and acquire a technology or fintech business, although we may pursue a business combination outside of those industries.
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IPO Data
IPO File Date 08/07/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 75.0
Deal Size ($mm) $750
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/25/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $750
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Philadelphia, PA, United States
Founded 2020
Employees at IPO 3

Payoneer (FTAC Olympus Acquisition) (PAYO) Performance