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GigCapital files and sets terms for $150 million IPO

GigCapital, a blank check company formed to acquire a TMT business, announced terms for its IPO on Wednesday.

The Palo Alto, CA-based company plans to raise $150 million by offering 15 million units at a price range of $10. At pricing, GigCapital would command a fully diluted market value of $193 million. Each unit consists of one share of common stock, one right to receive one-tenth of one share upon consummation of its initial business combination and one-half of one warrant, exercisable at $11.50.

GigCapital was founded in 2017 and plans to list on the NYSE under the symbol GIG.U. Cowen & Company is the sole bookrunner on the deal.

The article GigCapital files and sets terms for $150 million IPO 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, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , 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.


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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