Renaissance Capital logo

Silver Crest Acquisition Priced, Nasdaq: SLCRU

Blank check company formed by Ascendent Capital Partners targeting the consumer sector.

Industry: SPAC

Latest Trade: $10.42 0.00 (0.0%)

First Day Return: +3.0%

Return from IPO: +4.2%

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 concentrate our efforts in identifying global or regional businesses with differentiated products and services in one or more high growth consumer and consumer technology sectors, which can benefit from the expertise and strategic advice of our management team, directors and strategic advisors, as well as a realigned ownership and management structure, to create long-term shareholder value. We believe that the following trends will result in potentially attractive business combination targets for us: increasing adoption of new technology in consumption activities and fulfilment; changing consumer behaviors accelerated by the COVID-19 pandemic; continued strategic reshuffling of attractive consumer assets both regionally and globally; and rapidly evolving consumption patterns of a growing Chinese middle class, serving as a harbinger of change elsewhere in the world. Our management team is led by Leon Meng, our Chairman, Christopher Lawrence, our Vice Chairman, and Derek Cheung, our Chief Executive Officer, who have decades of extensive investment and advisory experience and an established track record of business success over multiple economic and financial market cycles.
more less
IPO News for Silver Crest Acquisition
more
IPO Data
IPO File Date 12/23/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 30.0
Deal Size ($mm) $300
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/13/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 30.0
Deal Size ($mm) $300
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
more
Company Data
Headquarters Hong Kong, China
Founded 2020
Employees 3
Website www.ascendentcp.com/en