Catcha Investment 2.0, the second blank check company formed by Catcha Group targeting "new economy" sectors in Asia Pacific, filed on Tuesday with the SEC to raise up to $250 million in an initial public offering.
The Singapore-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, Catcha Investment 2.0 would command a market value of $313 million.
The company is led by CEO and Chairman Patrick Grove and President and Director Luke Elliott, co-founders of Southeast Asian internet investment firm Catcha Group. Catcha Investment intends to focus on a target with operations or prospective operations in the technology, digital media, financial technology, or digital services sectors ("new economy" sectors) across Asia Pacific, particularly Southeast Asia and Australia.
Catcha Investment 2.0 was founded in 2021 and plans to list on the NYSE under the symbol CHAB.U. J.P. Morgan is the sole bookrunner on the deal.
