Jeneration Acquisition Scraps $300M IPO

Jeneration Acquisition in a letter to the SEC withdrew its planned offering of 30 million units, initially registered with the regulator in March 2021.

The SPAC had planned to list on the Nasdaq and “focus on those areas where we can best capitalize on our team’s expertise in technology and technology-enabled models in Asia, and particularly in Greater China, including in mobility, online services, software, e-commerce, AI, robotics and clean energy.”

Jeneration is led by CEO and Director Jason Tan, a partner and CIO of Jeneration Capital.

Morgan Stanley and Deutsche Bank were tapped asd joint book-runners. Read more.

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