Melcos Lawrence Ho to list SPAC in US$150 million IPO in New York
Lawrence Ho Yau-lung, the chairman and CEO of Macau casino operator Melco Resorts Entertainment, is poised to list a special purpose acquisition company (SPAC) in New York.The SPAC or blank-cheque company, Black Spade Acquisition, will raise up to US$150 million in an initial public offering, according to a filing with the Securities Exchange Commission on Tuesday. This amount could rise to US$172.5 million, if the underwriters overallotment option is exercised in full.The SPAC will target
Melcos Lawrence Ho to list SPAC in US$150 million IPO in New York
Lawrence Ho Yau-lung, the chairman and CEO of Macau casino operator Melco Resorts Entertainment, is poised to list a special purpose acquisition company (SPAC) in New York.The SPAC or blank-cheque company, Black Spade Acquisition, will raise up to US$150 million in an initial public offering, according to a filing with the Securities Exchange Commission on Tuesday. This amount could rise to US$172.5 million, if the underwriters overallotment option is exercised in full.The SPAC will target