China-focused Primavera Spac readies $300m IPO

Beijing_Great Wall_China_575px_Adobe_29May20
By Jonathan Breen
19 Jan 2021

Primavera Capital Acquisition Corp, a special purpose acquisition company, is set to launch a $300m IPO on the New York Stock Exchange this week, extending a recent boom in Asia-focused Spacs.

The Spac, which is a blank cheque company, was formed by Chinese private equity firm Primavera Capital Group to acquire a global consumer company with “significant China presence or a compelling China potential”, according to its prospectus. “We believe the economic and market dislocation resulting from the Covid-19 ...

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