L Catterton Asia Acquisition priced its IPO of 25 million units at $10 each.
Units start trading today on the Nasdaq under LCAAU. Each consists of one share of Class A common stock and one-third of one redeemable warrant. Whole warrants are exercisable at $11.50 for a share. Once the securities constituting the units begin separate trading, stock and the warrants are expected to list under LCAA and LCAAW, respectively.
The offering is expected to close March 15.
L Catterton intends to focus on high-growth, consumer technology sectors across Asia. Read more.
