Asia-focused SPAC Catcha Investment 2.0 withdraws $250m US IPO

Catcha Group CEO Patrick Grove

Catcha Investment 2.0, the second blank cheque company formed by Singapore-based internet investment firm Catcha Group, has filed to withdraw its plans to raise $250 million in an initial public offering (IPO) in the US.

The special purpose acquisition company (SPAC) earlier filed to raise up to $250 million by offering 25 million units at $10 each, with each unit consisting of one share of common stock and one-third of a warrant, exercisable at $11.50.

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