Healthcare investor Ally Bridge-backed SPAC to raise $131m in upsized Nasdaq IPO

Healthcare investor Ally Bridge-backed SPAC to raise $131m in upsized Nasdaq IPO

Wall Street, New York City, NY. Source: Martin Ceralde/Unsplash

A blank-check firm backed by global healthcare investment specialist Ally Bridge Group has set the price for its initial public offering (IPO) on Nasdaq to raise $131 million as this alternative has seen growing appeal on Wall Street.

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