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.

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

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.

Latest IPOs Videos

#TradeTalks: What it’s Like to List on the Nasdaq Stock Market

Jill Malandrino is joined by Jay Heller, VP of the Head of Capital Markets at Nasdaq. Jay gives you an inside look at what it's like to list on the Nasdaq Stock Market!

2 days ago