SG-based Catcha Investment joins SPAC craze, files to raise $250m in US IPO
Catcha Group CEO Patrick Grove
January 26, 2021
A blank cheque company formed by the Singapore-based internet investment firm Catcha Group is aiming to raise $250 million in an initial public offering (IPO) on the New York Stock Exchange (NYSE), according to a regulatory filing on Monday.
The company, Catcha Investment, said it would offer 25 million units at $10 apiece. Each unit will consist of one Class A ordinary share and one-half of a warrant, exercisable at $11.50, a preliminary prospectus filed with the US Securities and Exchange Commission (SEC) showed.
“While we may pursue an acquisition or a business combination target in any business, industry or geography, we intend to focus our search on a target with operations or prospective operations in the technology, digital media, financial technology, or digital services sectors, which we refer to as ‘new economy sectors’, across Asia Pacific, in particular Southeast Asia and Australia,” Catcha Investment said.