China-focused SPAC Angel Pond raises $250m in downsized US IPO
Shanghai, China. Source:
Ralf Leineweber/Unsplash
May 19, 2021
Angel Pond Holdings, a special purpose acquisition company (SPAC) that focuses on tech-enabled sectors in Greater China, announced raising $250 million in its initial public offering (IPO) in the US.
The SPAC offered 25 million units at $10 each, with every unit consisting of one Class A ordinary share and one-third of one redeemable warrant, according to its filing with the US Securities and Exchange Commission. It listed on the New York Stock Exchange and started trading under the ticker symbol POND.U on Tuesday.
The final offering was 5 million units fewer than what the company had initially filed to offer when it submitted its IPO prospectus in March.
by dofdaus
Given the almost irrational exuberance today we have of tech stocks that only go up, I present to you a very different perspective written by Aikya investment fund analysts on every Redditor’s and his dog’s darling, BABA.
Note the views below are Aikya’s and not mine and should only serve to generate discussion on BABA’s profitability and prospects. I’m personally vested in BABA @ 250 before chancing upon this Aikya report so would like to hear fellow Redditors views if they are worth keeping.
Will BABA stocks ever get to the moon? According to Aikya, the upside is extremely fraught with accounting issues detrimental to minority shareholders (99.99% of Redditors). I definitely think the Aikya report is worth a read for BABA investors.
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