TCV Acquisition priced its IPO of 35 million Class A ordinary shares at $10 per share.
Shares are expected to begin trading today on the Nasdaq under TCVA.
Citigroup Global Markets, Goldman Sachs and Morgan Stanley are acting as book-running managers in the offering. The company has granted the underwriters a 45-day option to purchase up to an additional 5 million shares at the IPO price to cover any over-allotments.
The offering is expected to close April 16.
TCV is led by Chairman Jay Hoag, who co-founded Technology Crossover Ventures in 1995 and has been a venture capitalist and technology investor for more than 37 years. The SPAC is focused on the software, internet, and FinTech sectors. Read more.