Feel the Thunder: China fintech-focused Spac files IPO

technology fintech data adobe stock
By John Loh
03 May 2018

Thunder Bridge Acquisition has filed for a $200m Nasdaq IPO, set to be the first special purpose acquisition company (Spac) focused on China’s financial technology sector.

The US Securities and Exchange Commission filing on Tuesday said Thunder Bridge is aiming to sell 20m new units at $10 each to raise $200m in the base offering. A greenshoe of an additional 3m units could lift proceeds to $230m.

Cantor Fitzgerald and CLSA have been appointed ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial