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IPO Values Thoma Bravo SPAC At $900mn

Thoma Bravo Advantage, a SPAC sponsored by private equity firm Thoma Bravo, has been valued at $900mn (90,000,000 shares at a price of $10.00 per Class A ordinary share) at IPO. The shares will be listed on the New York Stock Exchange (the "NYSE") beginning January 15, 2021 under the symbol "TBA." TBA has granted the Underwriters a 45-day option to purchase up to 10,000,000 additional shares to cover over-allotments, if any.

TBA is sponsored by Thoma Bravo Advantage Sponsor LLC, an affiliate of Thoma Bravo, a software and technology-enabled software services sector private equity firm. TBA was formed for the purpose of executing a business combination in the software industry.

Citigroup, Deutsche Bank Securities, Goldman Sachs & Co. LLC and Credit Suisse are serving as underwriters. The offering is expected to close on January 20, subject to customary closing conditions.


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