Angel Pond Holdings priced its IPO of 25 million units at $10 each, down from the 30 million units initially registered in March.
Units begin trading today on the NYSE under POND.U. Each consists of one Class A ordinary share and one-third of one redeemable warrant. Whole warrants will be exercisable at $11.50 for a share. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under POND and POND WS, respectively.
Goldman Sachs (Asia) and J.P. Morgan Securities are joint book-running managers. The underwriters have a 45-day option to purchase up to an additional 3.75 million units at the offering price to cover any over-allotments.
The SPAC intends to target businesses within the Greater China region, especially companies within technology-enabled sectors, including e-commerce; enterprise software and cloud computing; and fintech. Read more.
