Markets

Mexico-focused SPAC Opes Acquisition prices $100 million IPO at $10

Opes Acquisition, a blank check company formed by Axis Capital Management to acquire a Mexican business, raised $100 million by offering 10 million units at $10, as expected. At that price, Opes Acquisition commands a market value of $129 million. Each unit consists of one share of common stock and one warrant exercisable at $11.50.

Opes Acquisition plans to list on the Nasdaq under the symbol OPESU. EarlyBirdCapital acted as a lead manager on the deal.

The article Mexico-focused SPAC Opes Acquisition prices $100 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, 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.

Other Topics

IPOs

Latest Markets Videos

    Renaissance Capital

    Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products.

    Learn More