Tishman Speyer Innovation II priced its upsized IPO of 30 million units at $10 per unit. Each consists of one share of common stock and one-fifth of one redeemable warrant.
The upsize represents a 20 percent increase from the 25 million units the SPAC initially planned to offer.
Units trade on the on the Nasdaq under TSIBU.
The sponsor’s previous SPAC, Tishman Speyer I, last month announced a business combination with Latch at a post-money valuation of $1.56 billion.
Tishman Speyer II will target businesses in the real estate industry, including real estate adjacent proptech companies. Read more.
