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TZP Strategies Acquisition Corp. has successfully closed its initial public offering (IPO), raising $287.5 million by issuing 28,750,000 units at $10.00 per unit. This includes the exercise of an overallotment option. The units began trading on Nasdaq under the ticker symbol TZPSU on January 20, 2021. The company, backed by TZP Group, is focused on mergers with businesses in technology, business services, and consumer products sectors. The offering was managed by Credit Suisse Securities (USA) LLC.
TZP Strategies Acquisition Corp. has priced its initial public offering (IPO) of 25 million units at $10.00 each, aiming to raise $250 million. The offering will be listed on Nasdaq under the symbol 'TZPSU' starting January 20, 2021, with expected closing on January 22, 2021. Each unit consists of one Class A ordinary share and one-third of a redeemable warrant. The firm is sponsored by TZP Group Holdings, which manages around $1.9 billion, targeting technology, business services, and consumer sectors for potential mergers or acquisitions.