IPOs

Mexico-focused SPAC LIV Capital Acquisition files for a $60 million US IPO

LIV Capital Acquisition, a blank check company targeting Mexican businesses, filed on Wednesday with the SEC to raise up to $60 million in an initial public offering.

The Molino del Rey, Mexico-based company plans to raise $60 million by offering 6 million units at $10 to command a market value of $76 million. Each unit consists of one share of common stock and one redeemable warrant exercisable at $11.50.
 
The SPAC's sponsor is Mexican private equity firm LIV Capital Group (20% post-IPO stake). The SPAC's CEO and Chairman Alexander Rossi has served as Managing Partner of LIV Capital Group since 2006.

LIV Capital Acquisition was founded in 2019 and plans to list on the Nasdaq under the symbol LIVKU. EarlyBirdCapital is the sole bookrunner on the deal.

The article Mexico-focused SPAC LIV Capital Acquisition files for a $60 million US 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'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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