IPOs

Maso Capital's SPAC Duddell Street Acquisition prices $175 million IPO at $10

Duddell Street Acquisition, a blank check company formed by Maso Capital targeting global growth companies, raised $175 million by offering 17.5 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.

The company is led by the co-founders of Maso Capital, CEO and Chairman Manoj Jain, President Sohit Khurana, and CFO Allan Finnerty. Jain and Khurana previously served as Managing Directors in the Hong Kong office of Och-Ziff Capital Management. The SPAC intends to target growth companies in Asia with enterprise values between $500 million and $1 billion, focusing specifically on the TMT, healthcare, fintech, and consumer sectors.

Duddell Street Acquisition plans to list on the Nasdaq under the symbol DSACU. BofA Securities acted as the sole bookrunner on the deal.

The article Maso Capital's SPAC Duddell Street Acquisition prices $175 million 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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