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.

The article Chinese SPAC Yunhong International prices upsized US 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.

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