Markets

Andina Acquisition Corporation decreases proposed IPO deal size

A generic image of a smartphone
Credit: Shutterstock photo

Andina Acquisition (ANDAU), a blank check company focused on acquiring businesses in Colombia, lowered the proposed deal size for its upcoming IPO on Monday. The Bogota, Colombia-based company now plans to raise $40 million by offering 4 million units at $10.00. The company, which made its initial filing in November 2011, had previously planned to offer 5 million units. Andina Acquisition plans to list on the NASDAQ under the symbol ANDAU. EarlyBird Capital is the lead underwriter on the deal.

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


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

Other Topics

IPOs