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Ribbit LEAP Priced, NYSE: LEAP.U

Blank check company formed by Ribbit Capital targeting a fintech business.

Industry: SPAC

Latest Trade: $10.61 0.00 (0.0%)

First Day Return: +15.3%

Return from IPO: +6.1%

Industry: SPAC

Ribbit LEAP, which stands for Ribbit Capital Long-Term Equity Acquisition Pool, is a newly organized, blank check company incorporated in the Cayman Islands and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. While we may pursue an acquisition opportunity in any business, industry, sector or geographical location, we intend to focus our search for an initial business combination in the intersection of financial services and technology globally. We may pursue a transaction in which our shareholders immediately prior to the completion of our initial business combination would collectively own a minority interest in the post-business combination company. Our sponsor is an affiliate of Ribbit Capital, a family of investment funds based in Palo Alto, California, focused on the intersection of financial services and technology. Ribbit Capital was founded in 2012 by Meyer "Micky" Malka, an entrepreneur and investor with over 25 years of experience building and investing in technology and financial services businesses throughout the world. Ribbit Capital manages more than $2.6 billion of committed capital on behalf of its investors, many of which have been with Ribbit Capital since inception.
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IPO News for Ribbit LEAP
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IPO Data
IPO File Date 08/25/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 35.0
Deal Size ($mm) $350
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/10/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 35.0
Deal Size ($mm) $350
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Palo Alto, CA
Founded 2020
Employees 2
Website www.ribbitleap.com