A blank check for education: EdtechX Holdings Acquisition prices IPO at $10

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EdtechX Holdings Acquisition, a blank check company formed by IBIS Capital to acquire an education technology business, raised $55 million by offering 5.5 million units at $10. Units consist of one share of common stock and one warrant redeemable at $11.50. 

Executive Chairman and CIO Charles McIntyre has served as CEO of IBIS Capital since founding the firm in 2003. CEO and Director Benjamin Vedrenne-Cloquet has served as Operating Partner at IBIS Capital since January 2013. The two executives co-founded EdTech Global in 2013.

EdtechX plans to list on the Nasdaq under the symbol EDTXU. Chardan Capital Markets and I-Bankers Securities acted as lead managers on the deal.

The article A blank check for education: EdtechX Holdings Acquisition prices IPO at $10 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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