Perella Weinberg may go public via Betsy Cohen's SPAC

Nov. 29, 2020 5:07 PM ETPerella Weinberg Partners (PWP)PWPBy: Liz Kiesche, SA News Editor1 Comment
  • Perella Weinberg Partners is nearing a deal to go public through a blank-check company sponsored by financial entrepreneur Betsy Cohen, Bloomberg reports, citing a person familiar with the matter.
  • The special purpose acquisition company set up by Cohen, FinTech Acquisition Corporation IV (FTIV) is in talks to merge with boutique investment bank Perella Weinberg, according to the person.
  • Bloomberg had reported earlier this month that founders Joe Perella and Peter Weinberg, who started the firm 14 years ago, were exploring the SPAC route to taking the company public.
  • Perella Weinberg had delayed an IPO last year after filing confidentially, people familiar with the matter said at the time.
  • In September, Bloomberg reported that the firm planned to set up its own blank-check company with the goal of acquiring a business owned and led by women.

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