AIB Acquisition priced its initial public offering of 7.5 million units at $10 each. A unit consists of one Class A ordinary share and one right to receive one-tenth of a share upon the consummation of the SPAC’s initial business combination.
Units begin trading today on the Nasdaq under the ticker symbol AIBBU. Once the securities begin separate trading, shares and rights will list under the symbols AIB and AIBBR.
AIB will pursue companies in the fintech sector, excluding any business in China and Hong Kong.
The offering is expected to close Jan. 21.
Maxim is sole book-running manager for the offering. Read more.
