SHUAA Partners Acquisition I priced its initial public offering of 10 units at $10. Units list on the Nasdaq and begin trading today under the ticker symbol SHUAU. Each consists of one Class A ordinary share and one-half of a warrant. When the securities begin separate trading, shares and warrants will list under the symbols SHUA and SHUAW.
The SPAC slashed the offering by 50% a week ago today ahead of pricing.
SHUAA intends to search for a fintech target across the high growth markets of the Middle East, North Africa, and Turkey region (collectively, “MENAT”).
BTIG is sole book-running manager for the offering and I-Bankers Securities is co-manager. Read more.
