Credit: Shutterstock photoAlberton Acquisition, a Hong Kong-based blank check company, filed for its IPO on Tuesday.
The Hong Kong-based company plans to raise $100 million by offering 10 million units at a price of $10. Each unit will consist of one share of common stock and on right to purchase one tenth of one share of common stock. At $10, Alberton Acquisition would command a market value of $128 million.
Alberton Acquisition was founded in 2018 and plans to list on the Nasdaq under the symbol ALACU. Chardan Capital Markets is the sole bookrunner on the deal.
The article Hong Kong-based blank check company Alberton Acquisition files for $100 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
