Citic Capital blank cheque firm plans US IPO

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By Jonathan Breen
24 Jan 2020

Citic Capital Acquisition Corp, a special purpose acquisition company (Spac), has filed for a $200m IPO. It is targeting companies in the energy efficiency, clean technology and sustainability sectors.

The US Securities and Exchange Commission filing shows the Spac, also known as a blank cheque company, is aiming to sell 20m new units at $10m each to raise $200m. A 3m unit greenshoe could boost proceed by $30m.

The China-based issuer has appointed Credit Suisse as sole ...

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