Magnum Opus Acquisition Limited priced its IPO of 20 million units at $10 each.
Units begin trading on the NYSE today under OPA.U. Each consists of one Class A ordinary shares and one-half of one redeemable warrant; whole warrants exercisable at $11.50. Once the securities comprising the units begin separate trading, shares and warrants will list under OPA and OPA WS, respectively.
The SPAC intends to search globally for a target with operations or prospects focusing on global consumer, technology or media sectors with disruptive growth potential through the use of technology that can benefit from operations in Asia. Read more.
