Atlantic Alliance Partnership (AAPC) IPO Opens Flat

Today's IPO for Atlantic Alliance Partnership (NASDAQ: AAPC) opened for trading at $10.01 after pricing 7,500,000 ordinary shares at $10.00 per share.

Citigroup is acting as the sole bookrunner for the offering.

Atlantic Alliance Partnership Corp. is a company formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, contractual or control arrangement with, purchasing all or substantially all of the assets of, or engaging in any other similar initial business combination with one or more businesses or entities. The Company has not identified any business combination target and it has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.

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