Asia-focused SPAC TenX Keane raises $60m in US IPO

Asia-focused SPAC TenX Keane raises $60m in US IPO

Photographer: Victor J. Blue/Bloomberg

TenX Keane Acquisition, a China-based, Asia-focused blank cheque company, has raised $60 million in its initial public offering (IPO) in the US, its amended filing with the Securities and Exchange Commission (SEC) showed.

The special purpose acquisition company (SPAC) offered 6 million units at $10 each, with every unit consisting of one share of common stock and one right to receive two-tenths of a share upon completion of an initial business combination.

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