Pico to go public via SPAC merger with FTAC Athena in a $1.4bn deal.

Pico, a provider of mission critical technology, data and analytic services for the financial markets community, agreed to go public via SPAC merger with FTAC Athena, a special purpose acquisition company, in a $1.4bn deal. Investors in PIPE included Golden Gate Capital, Wellington Management, Wells Fargo Strategic Capital, DRW and the Pritzker-Vlock Family Office “Twenty-five years ago trading was in-person or over the phone, localized in each country. The world we live in today is electronic and multi-asset class; markets are global but fragmented, producing vast amounts of data that continue to grow. Through our global technology platform serving the financial industry, we modernize and simplify complex infrastructure, provide global data and electronic access to all markets for our clients in a seamless manner. We sit at the center of a complex ecosystem of major market participants, global market centers and technology partners. Our clients are important and sophisticated financial institutions who rely on Pico for mission critical global markets infrastructure,” Jarrod Yuster, Chairman, Pico Founder and Co-CEO.