AIB Acquisition Closes $86.25M IPO, Including Full Overallotment

AIB Acquisition closed its initial public offering of 8.625 million at $10 per unit, which includes 1.125 million units issued to the underwriters who exercised their over-allotment option in full.

Units trade on the Nasdaq under the ticker symbol AIBBU. When the securities begin separate trading, shares and rights are expected to list under the symbols AIB and AIBBR.

Maxim was sole book-running manager for the offering.

AIB will pursue companies in the fintech sector, excluding any business in China and Hong Kong. Read more.

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