SPAC Angel Pond Holdings co-founded by Alibaba co-founder files for $300mn IPO in U.S.

2021-03-09 04:46:17

SEC’s website shows that SPAC Angel Pond Holdings files for U.S. IPO on this Monday with the SEC to raise up $300 million by offering 30 million units at $10. The joint bookrunners for this IPO are Goldman Sachs and JPMorgan Chase.

The company was co-founded by Simon Xie, Alibaba co-founder, and Theodore Wang, Puissance Capital Management founder. It is in the business of blank checks, aiming to technology-enabled sectors in Greater China.

Puissance Capital Management Simon Xie Alibaba SPAC

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