A quick thread on the winding career of Tom Farley (former NYSE President & future CEO of Bullish) with the Bullish SPAC merger news out recently:https://www.reuters.com/technology/cryptocurrency-firm-bullish-go-public-9-bln-spac-deal-2021-07-09/ …
Farley led the NYSE for nearly 6 years and oversaw its multi-year integration with ICE, working to win more tech IPOs away from Nasdaq and represent the exchange to Congress, regulators and the media.pic.twitter.com/Vcd9jiTNNC
-
-
In 2018 Farley left the NYSE to start a SPAC, nearly a year before the official SPAC boom began. Far Point Acquisition Corp, backed by Dan Loeb's Third Point, bought payments company Global Blue for $2.6 billion in Jan 2020:https://www.wsj.com/articles/far-point-acquisition-nears-deal-to-buy-global-blue-from-silver-lake-11579170605 …
Show this thread -
Far Point's purchase was incredibly ill-timed - COVID lockdowns destroyed Global Blue's travel-focused business, and the SPAC nearly dropped the deal altogether.https://www.barrons.com/articles/spacs-dont-always-go-smoothly-global-blue-could-still-end-happily-51598101200 …
Show this thread -
After the Global Blue deal finally closed Farley started another SPAC, this time Far Peak in November 2020. THIS is the company that's buying Bullish for $9 billion. Farley is expected to stay on as CEO, bringing exchange experience to the startup crypto firm.
Show this thread
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.