Renaissance Capital logo

MoneyLion (Fusion Acquisition) Priced, NYSE: ML

Blank check company targeting the financial services industry (completed 9/22/2021).

Industry: SPAC

First Day Return: +1.6%

Industry: SPAC

We are a newly organized blank check company. While we may pursue an acquisition in any business industry or sector, we intend to concentrate our efforts identifying businesses in the financial services industry with an enterprise value of approximately $750 million to $3 billion, with particular emphasis on businesses that are providing or changing technology for traditional financial services (“FinTech”), or those in the wealth, financial advice, investment, and asset management sectors. In addition, we intend to capitalize on the ability of our management team to identify, acquire, and manage a business in the financial services industry that can benefit from their experience and differentiated global network. We believe there are many potential targets within the FinTech, asset and wealth management, and broader financial services sectors that could become attractive public companies. These potential targets exhibit a broad range of business models and financial characteristics from mature businesses with recurring revenues and strong cash flows to high growth innovative companies. We will seek to capitalize on the financial services experience and contacts of the members of our board of directors and management team, including Jim Ross, our Non-Executive Chairman, John James, our Chief Executive Officer, and Jeffrey Gary, our Chief Financial Officer, to identify, evaluate, and acquire a target business.
more less
IPO Data
IPO File Date 06/08/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 30.5
Deal Size ($mm) $305
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/25/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $305
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters New York, NY, United States
Founded 2020
Employees at IPO 2
Website www.fusionacq.com

MoneyLion (Fusion Acquisition) (ML) Performance