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Vahanna Tech Edge Acquisition I Priced, Nasdaq: VHNAU

Blank check company targeting tech businesses with connections to India.

Industry: SPAC

Latest Trade: $10.01 -0.09 (-0.9%)

First Day Return: +0.7%

Return from IPO: +1.1%

Industry: SPAC

We are a newly formed blank check company. While we may pursue a business combination in any sector or geography, we intend to focus our efforts on companies with a strong connection to India and catering to large addressable market opportunities in India or other developed geographies such as the Americas and Europe. The focus for such an acquisition will be based on the broad categories below within the technology sector, with an enterprise value ranging from US$750 million to over US$1.0 billion: Well established information technology (“IT”) services and business process outsourcing (“BPO”) companies leveraging the India delivery model and with a track record of consistent performance in the Americas and other global markets; High-growth new technology companies which are vertical focused (Fintech, Health Tech, Education Tech etc.) and horizontal focused (AI Analytics, ML, Blockchain, IoT, Robotics etc.); and Software-as-a-Service (“SaaS”) companies catering to the global markets.
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IPO News for Vahanna Tech Edge Acquisition I
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IPO Data
IPO File Date 11/04/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 17.4
Deal Size ($mm) $174
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/22/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 17.4
Deal Size ($mm) $174
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters New York, NY
Founded 2021
Employees 3