IPOs

Chinese SPAC Yunhong International prices upsized US IPO at $10

Yunhong International, a blank check company targeting consumer or lifestyle assets in Asia, raised $60 million in an upsized offering of 6.0 million units at $10. The company sold $10 million more in units than expected. Each unit consists of one share of Class A stock, one half of one warrant exercisable at $11.50, and one right to one-tenth of one Class A share. 

Yunhong International plans to list on the Nasdaq under the symbol ZGYHU. Maxim Group LLC acted as lead manager on the deal.

Chinese SPAC Yunhong International prices upsized US IPO at $10

Investment Disclosure: Renaissance IPO ETF (symbol: IPO) Renaissance International ETF (symbol: IPOS)

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

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