8i Acquisition 2 priced its IPO of 7.5 million units at $10 each, with each unit consisting of one ordinary share, a warrant, and one right to receive one-tenth of a share. Two warrants may be redeemed for a share at $11.50.
The offering is expected to close Nov. 24.
8i intends to focus on companies in Asia, excluding China, Hong Kong and Macau. It did not identify any specific sector in its initial S-1 registration.
Maxim is sole book-running manager for the offering. The underwriter has an option to purchase up to 1.125 million additional units to cover any over-allotments. Read more.
