Chenghe Acquisition Co. (CHEAU) Prices $100M IPO

Chenghe Acquisition Co. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CHEAU” Thursday, April 28, 2022.

The new SPAC intends to focus on financial technology or technology-enabled financial service companies, including artificial intelligence, big data, cloud and blockchain-related initiatives in Asian markets. Chenghe is led by Chairman Richard Qi Li, CEO Shibin Wang, and CFO Anna Zhou.

Total SPAC deal count for 2022 year-to-date is now 61. This offering is expected to close on Monday, May 2.

Morgan Stanley & Co. LLC and EarlyBirdCapital, Inc. are acting as joint book-running managers for the offering, and Revere Securities LLC is acting as co-manager. White & Case LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. Marcum Bernstein & Pinchuk LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.