IPO for SPAC Tiga Acquisition (TINV) Opens Modestly Higher

Today's IPO for SPAC Tiga Acquisition Corp. (NYSE: TINV) (NYSE: TINV-U) opened for trading at $10.20 after pricing 24,000,000 units at $10.00 per unit.

The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company is led by CEO and Chairman G. Raymond Zage III, founder and CEO of Tiga Investments and former Managing Director and CEO of Farallon Capital Asia, and President and Director Ashish Gupta, Managing Director of Tiga Investments and a former Partner and Portfolio Manager at Farallon Capital Asia.

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