Catcha Investment priced its IPO of 27.5 million units at $10.00 per unit — a `10 percent upsize from the 25 million units the SPAc originally planned to offer.
Units begin trading today on the NYSE under CHAA.U. Each consists of one Class A ordinary share of the Company and one-third of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at $11.50. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under CHAA and CHAA WS, respectively.
Catcha intends to focus on a target with operations or prospective operations in the technology, digital media, financial technology, or digital services sectors, which it refers to as the “new economy sectors,” across Asia Pacific, in particular Southeast Asia and Australia.
The offering is expected to close Feb. 17. Read more.
