Vistas Media nets $100m from US Spac IPO

By Jonathan Breen
12 Aug 2020

Vistas Media Acquisition Co (VMAC) has raised $100m after listing on the Nasdaq. It plans to use the funds for M&A in the media and entertainment industry.

The special purpose acquisition company (Spac), also known as a blank check firm, was founded by Singapore-based entrepreneurs Abhayanand Singh and Saurabh Gupta.

Bookrunning manager I-Bankers Securities and co-manager EarlyBird Capital ran an IPO of 10m units at $10 apiece for VMAC. The firm’s stock began trading on ...

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