E-compass Acquisition prices IPO at $10

E-compass Acquisition, a blank check company formed to acquire an e-commerce business in China, raised $40 million by offering 4 million shares at $10, as expected. E-compass Acquisition plans to list on the Nasdaq under the symbol ECACU. E-compass Acquisition initially filed confidentially on 11/17/2014. Cantor Fitzgerald acted as a lead manager on the deal.