RPAY News

Nine companies entered the public market this week, led by customer experience software provider Medallia (MDLA) with a first day pop of 76%. The software company priced at $21, well above the range, to raise $326 million at a fully diluted valuation of $3.6 billion. Medallia’s growth accelerated to 32% in the most recent quarter, and it boasts 32...read more

Thunder Bridge Acquisition, a blank check company formed to acquire a FinTech business, raised $225 million by offering 22.5 million units at $10. Thunder Bridge Acquisition plans to list on the Nasdaq under the symbol TBRGU. Cantor Fitzgerald and CITIC CLSA acted as lead managers on the deal....read more

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...read more