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ChaSerg Technology Acquisition, former Brocade CEO's blank check, prices IPO at $10


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ChaSerg Technology Acquisition, a blank check company formed by tech veterans to acquire a technology company, raised $200 million by offering 20 million units at $10. Each unit consists of one share of Class A common stock and one half of one warrant to purchase one share of Class A common stock. 

CEO Lloyd Carney previously served as CEO of Brocade Communications Systems from 2013 to 2017, when it was acquired by Broadcom for $5.5 billion.

ChaSerg Technology Acquisition plans to list on the Nasdaq under the symbol CTAC.U. Cantor Fitzgerald acted as a lead manager on the deal.

The article ChaSerg Technology Acquisition, former Brocade CEO's blank check, 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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