ITHAX Acquisition today priced its upsized IPO of 21 million units at $10 per unit. The leisures and hospitality focused SPAC initially planned to offer 17.5 million units to raise $175 million.
Units begin trading today on the Nasdaq under ITHXU.
ITHAX said it will target “businesses that have an enterprise value in excess of $600 million, are currently in the leisure, hospitality, travel, and related services sectors, and we expect have interesting business positioning in the United States, as well as Latin America, Caribbean and European markets and beyond.” Read more.
