Genesis Growth Tech Acquisition priced its upsized initial public offering of 22 million units at a price of $10 each, an increase of 2 million more units than expected.
Units begin trading today on the Nasdaq under the ticker symbol GGAAU. Each consists of one Class A ordinary share and one-half of a redeemable warrant.
The company was formed by Genesis Growth Tech to search for a target in the high growth technology and tech-enabled businesses in Europe, Israel, the United Arab Emirates and the United States, particularly in the consumer internet, ecommerce, and software industries.
Nomura Securities International is sole book-running manager for the offering. Read more.
