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Ship SPAC Hunter Maritime Acquisition prices $150 million IPO at $10

November 18, 2016

Hunter Maritime Acquisition, a blank check company formed by Belgium's Saverys family to acquire a drybulk shipping company, raised $150 million by offering 15 million shares at $10, as expected. Hunter Maritime Acquisition plans to list on the Nasdaq under the symbol HUNTU. Morgan Stanley acted as a lead manager on the deal. The SPAC's initial public offering comes at the end of a week that has seen a surge of interest in DryShips (Nasdaq: DRYS) as the shipping company took steps to avoid bankruptcy.