IPO for SPAC Catcha Investment Corp (CHAA) Opens at $10.51

February 12, 2021 11:17 AM EST

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Today's IPO for SPAC Catcha Investment Corp (NYSE: CHAA) (NYSE: CHAA-U) opened for trading at $10.51 after pricing its initial public offering of 27,500,000 units at a price of $10.00 per unit.

Led by Chairman and Chief Executive Officer Patrick Grove and President Luke Elliott, Catcha Investment Corp intends to focus its search on a target with operations or prospective operations in the technology, digital media, financial technology, or digital services sectors, which it refers to as the “new economy sectors,” across Asia Pacific, in particular Southeast Asia and Australia.

J.P. Morgan Securities LLC is serving as sole book-running manager for this offering.

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