Former NYSE President’s blank check Far Point Acquisition files for a $400 million IPO

Former NYSE President’s blank check Far Point Acquisition files for a $400 million IPO

Far Point Acquisition, a blank check company formed by former NYSE Group President Tom Farley and Third Point to acquire a fintech business, filed on Tuesday with the SEC for an initial public offering. The Wilmington, DE-based company plans to raise $400 million by offering 40 million units at $10 per unit. At that price, Far Point Acquisition would command a market value of $500 million.¬†Each unit consists of one share of our common stock…

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