Primavera Capital Acquisition priced its upsized $360 million IPO by offering 36 million units at $10 each. The new SPAc initiall planned a $300 million raise
Units begin trading today on the NYSE under the symbol PV.U.
Primavera is targeting global consumer companies with a significant China presence or a compelling China potential.
The SPAC is led by Dr. Fred Hu, founding chairman of Primavera Capital Group. Prior to founding Primavera, Hu held various senior positions at Goldman Sachs from 1997 to 2010, according to the SPAC’s S-1 filing. Read more.
