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Ace Global Business Acquisition Priced, Nasdaq: ACBA

Blank check company targeting gaming and e-commerce in China, Japan, and Southeast Asia (pending: LE Worldwide).

Industry: SPAC

Latest Trade: $12.10 0.00 (0.0%)

First Day Return: +0.7%

Return from IPO: +21.0%

Industry: SPAC

We are a blank check company incorporated in the British Virgin Islands on November 2, 2020. Our objectives are to generate compelling attractive returns for our shareholders and to enhance value through top line growth and hands on operational improvement for our potential target companies. We believe our management team’s personnel, network and relationships combined with their unique and diversified experiences in investing, operating and transforming businesses will uniquely position them to identify and execute attractive business combination opportunities. Our efforts to identify a prospective target business will not be limited to any particular industry or geographic region, although we intend to capitalize on the management team’s network and focus our search on target businesses operating in the Greater China, Japan and Southeast Asia regions, focusing on the gaming and e-commerce sector. According to Newzoo, a global provider for games market insights and analytics, the global games market is estimated to be worth $189.3 billion in 2021 with 2.8 billion gamers, and will exceed $200 billion by the end of 2023. Even during the Covid-19 pandemic and associated economic downturn, the gaming industry has proven to be resilient.
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IPO Data
IPO File Date 02/09/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 4.0
Deal Size ($mm) $40
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/05/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 4.0
Deal Size ($mm) $40
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Ladenburg Thalmann
Brookline Capital Markets
Company Data
Headquarters Hong Kong, China
Founded 2020
Employees 2

Ace Global Business Acquisition (ACBA) Performance