ABG Acquisition I priced its IPO of 13.1 million Class A ordinary shares at $10 each — an upsize from the 12 million shares the SPAC initially planned to offer.
Shares begin trading today on the Nasdaq under ABGI.
ABG Acquisition’s sponsor is an affiliate of Ally Bridge Group, a global healthcare-focused investment group founded by Fan (Frank) Yu with dual headquarters in New York and Hong Kong. The SPAC intends to target the global healthcare industry, with a particular focus on the medical technology and biotechnology verticals. Read more.
