TLGY Acquisition priced its IPO of 20 million units at $10 each, an upsize of 2.5 million more units than expected.
TLGY intends to focus its search on the global biopharma or technology enabled business-to-consumer industries. TLGY is led by Jin-Goon Kim, a former partner of TPG Capital and a former CEO of industry leaders in Asia, including Dell Korea and Li Ning.
Units begin trading today on the Nasdaq under TLGYU. Each consists of one share, one-half of a warrant and a contingent right to receive at least one-fourth of a redeemable warrant.
The offering is expected to close Dec 3.
Mizuho is sole book-runner for the offering, and Robert W. Baird is lead manager. Read more.
