First HK-listed SPAC has slow start in IPO debut


As of 12:55pm local time, just two trades were registered with the shares, which were unchanged from their offer price of HK$10 (RM5.40) each.(Pic shows HK stock exchange square)

HONG KONG: Aquila Acquisition Corp, the first special purpose acquisition company (SPAC) to list in Hong Kong, had a slow debut yesterday as few investors are qualified to trade the shares.

As of 12:55pm local time, just two trades were registered with the shares, which were unchanged from their offer price of HK$10 (RM5.40) each.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Hong Kong , listed , SPAC , slow start , IPO ,

   

Next In Business News

Blue chips push FBM KLCI past 1,600
Swift Energy inks underwriting agreement
Country Garden submits offshore debt restructuring plan to creditors, sources say
Gold prices climb nearly 1% as dollar rally eases
Oil nudges higher after Russia-Ukraine tensions escalate
Crypto exchange OKX launches Singapore dollar funds transfer service for local customers
Shares rise ahead of Nvidia results; BOJ keeps rates markets guessing
Shanghai will reduce real estate transaction taxes to boost demand, state media says
China pivotal to MNCs' global biz strategy
CMM, BCG publish report on venture capital funding in Malaysia

Others Also Read