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SPAC: Artisan Acquisition prices $300 million IPO, targeting Greater China

May 13, 2021
ARTA

Artisan Acquisition, a blank check company targeting the healthcare, consumer, and tech sectors in Greater China, raised $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50 per share.

The SPAC is led by Ben Chang, Managing Partner of C Ventures and a General Manager at NWD.

Artisan Acquisition plans to list on the Nasdaq under the symbol ARTA. UBS Investment Bank and Credit Suisse acted as joint bookrunners on the deal.