Rhea-AI Summary
TPG Pace Solutions Corp. successfully closed its initial public offering (IPO), raising $285 million by issuing 25 million Class A ordinary shares priced at $10.00 each. An additional 3.5 million shares were sold through the underwriters’ over-allotment option. The shares began trading on the New York Stock Exchange under the ticker symbol TPGS on April 9, 2021. The company aims to sponsor a public listing for a well-positioned business and benefits from TPG's extensive operational and private equity experience.
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