Money Makers Mentor

Thoma Bravo Advantage Could Be Worth $1 Billion

Thoma Bravo Advantage filed paperwork with the SEC for its IPO. The deal registers 100 million units of securities to publicly trade on the NYSE under the ticker symbol TBA.U. Each unit consists of 1 Class A ordinary share and 1/5 of a warrant. Moreover, each warrant can be used to purchase 1 Class A ordinary share at a price of $11.50. Only whole warrants will trade. Each unit has a proposed maximum offering price of $10.

Altogether, this means the IPO could be worth $1 billion. However, this figure includes and assumes the underwriters fully exercising their option to purchase up to 10 million shares to cover over-allotments. In the event that this were not to occur, the deal would be worth $900 million. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., and Goldman Sachs…

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