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.
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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.
