Blank check company GigCapital2 prices upsized $150 million IPO at $10

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GigCapital2, a blank check company formed by semiconductor veteran Avi Katz to acquire a TMT business, raised $150 million by offering 15 million units at $10. The company had originally planned to raise $130 million by offering 13 million units.

Each unit consists of one share of common stock and one warrant to purchase a share of common stock at $11.50 per share. 

GigCapital2 plans to list on the NYSE under the symbol GIX.U. EarlyBirdCapital and Northland Securities acted as lead managers on the deal.

The article Blank check company GigCapital2 prices upsized $150 million 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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