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AGBA Acquisition Priced, Nasdaq: AGBAU

Blank check company targeting the services sector in China.

Industry: SPAC

Latest Trade: $10.04 0.00 (0.0%)

First Day Return: n/a

Return from IPO: +0.4%

Industry: SPAC

We are a newly incorporated blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. Our efforts to identify a prospective target business will not be limited to a particular geographic region or industry, although the Company intends to focus on operating businesses in the healthcare, education, entertainment and financial services sectors that have their principal operations in China. In the midst of a trade war and global political uncertainties, the Chinese government is shifting away from old growth drivers and relying more on domestic services and consumption sectors as new growth drivers for the economy. Our acquisition strategy is to avoid targeting businesses that will be negatively impacted by external uncertainties in the traditional industries (such as heavy industries, manufacturing, exports) and focus more on key growth engines, such as businesses operating in the service sector.
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IPO News for AGBA Acquisition
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IPO Data
IPO File Date 04/11/2019
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 05/14/2019
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
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Company Data
Headquarters Kowloon, Hong Kong
Founded 2018
Employees 2