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Malacca Straits Acquisition Priced, Nasdaq: MLAC

Blank check company targeting a business in Southeast Asia.

Industry: SPAC

Latest Trade: $10.24 0.00 (0.0%)

First Day Return: +0.4%

Return from IPO: +2.4%

Industry: SPAC

We are a blank check company. While we may pursue a business combination target in any business or industry and across any geography, we intend to focus our search on businesses which are currently part of Southeast Asian business conglomerates in the media, food processing, renewable energy and healthcare industries, which we believe can be positioned for success in Southeast Asian markets, as well as other Asian markets and beyond. Argyle Street Management Limited (“ASM”), an SEC-registered investment adviser and indirect member of our sponsor, was founded in Hong Kong, China in 2002 as a pan-Asia special situations investor. We also expect to be close investment partners with TIH Limited (“TIH”), a Singapore-listed closed-end fund formed in 1994, with strong historical ties to Singapore government-linked companies and focused on investment opportunities in Southeast Asia. Kin Chan, our advisor, is the founder and Chief Investment Officer of ASM as well as the Chairman of TIH. Kenneth Ng, our CEO and President, is the founder and current Managing Partner of Ark Pacific Capital Management Limited. Stanley Wang, our CFO, is the founder and managing director for K2 Venture Capital.
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IPO News for Malacca Straits Acquisition
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IPO Data
IPO File Date 06/26/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 12.5
Deal Size ($mm) $125
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/14/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 12.5
Deal Size ($mm) $125
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Hong Kong, China
Founded 2019
Employees 2