IPO for SPAC ABG Acquisition Corp. I (ABGI) Opens at $10.50

February 17, 2021 10:45 AM EST

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Today's IPO for SPAC ABG Acquisition Corp. I (NASDAQ: ABGI) opened for trading at $10.50 after pricing 13,100,000 Class A ordinary shares at a price of $10.00 per share.

ABG Acquisition Corp. I is a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses. The Company's sponsor is an affiliate of Ally Bridge Group, a global healthcare-focused investment group founded by Fan (Frank) Yu with dual headquarters in New York and Hong Kong. While the Company may pursue an initial business combination target in any business or industry, the Company intends to focus on the global healthcare industry, with a particular focus on the medical technology and biotechnology verticals. The Company is led by its Chief Executive Officer, Fan (Frank) Yu, and its Chief Financial Officer, Daniel Johnson.

Jefferies LLC is acting as the sole book-running manager of the offering.



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