Thimble Point Prices 20% Upsized IPO at $240M

IPO

Thimble Point Acquisition offered 4 million more units than initially planned to raise $240 million in an IPO. The amount was 20 percent greater than the anticipated $200 raise the SPAC registered last month.

Thimble Point said it will focus on high-growth software and technology-enabled companies that are disrupting large and established industries and markets.

Units begin trading today on the Nasdaq under THMAU. Read more.

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