Papaya Growth Opportunity I priced its initial public offering of 25 million units at $10 per unit. The units are expected to be listed on the Nasdaq and begin trading today under the ticker symbol PPYAU.
Papaya Growth intends to concentrate its search for a target business operating in the software, internet, media, fintech, healthcare IT or consumer industry sectors and to focus on vertical solutions driven by AI, marketplaces, platforms and networks.
Each unit in the offering consists of a share of Class A common stock and one-half of one redeemable warrant. After the securities begin trading separately, stock and warrants will list under the symbols PPYA and PPYAW.
Cantor Fitzgerald is sole book-running manager. Read more.
