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ABG Acquisition I Priced, Nasdaq: ABGI

Blank check company formed by Ally Bridge Group targeting the healthcare sector.

Industry: SPAC

Latest Trade: $9.71 0.00 (0.0%)

First Day Return: +3.4%

Return from IPO: -2.9%

Industry: SPAC

We are a newly incorporated blank check company. While we may pursue a business combination target in any business or industry, we intend to focus on healthcare or healthcare-related industries, which can benefit from the expertise and capabilities of our management team in order to create long-term shareholder value. Our sponsor is an affiliate of Ally Bridge Group, a global healthcare-focused investment group founded by Fan (Frank) Yu with dual-headquarters in New York and Hong Kong. Mr. Yu and his team began their track record of successful healthcare investing in 2011 in China and have since become global healthcare investors with a strong U.S. focus. Our primary focus will be on the global healthcare industry, with a particular focus on the biotechnology and medical technology verticals. We believe the healthcare industry and the biotechnology and medical technology sectors in particular represent a large and growing target market with a large number of potential target acquisition opportunities that will benefit from a public listing.
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IPO News for ABG Acquisition I
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IPO Data
IPO File Date 02/01/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 13.1
Deal Size ($mm) $131
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/16/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 13.1
Deal Size ($mm) $131
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters New York, NY
Founded 2020
Employees 2
Website www.ally-bridge.com