- Bridgetown Holdings Limited (BTWNU) has priced its initial public offering of 55M units at $10.00 per unit.
- The units will kick off trading today on The Nasdaq Capital Market.
- Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50.
- Underwriters' overallotment is an additional 8.25M units.
- The offering is expected to close on October 20, 2020.
- SPAC intends to target businesses with operations or prospective operations in the technology, financial services or media sectors in Southeast Asia.