SG-based Catcha Investment joins SPAC craze, files to raise $250m in US IPO

Catcha Group CEO Patrick Grove

A blank cheque company formed by the Singapore-based internet investment firm Catcha Group is aiming to raise $250 million in an initial public offering (IPO) on the New York Stock Exchange (NYSE), according to a regulatory filing on Monday.

The company, Catcha Investment, said it would offer 25 million units at $10 apiece. Each unit will consist of one Class A ordinary share and one-half of a warrant, exercisable at $11.50, a preliminary prospectus filed with the US Securities and Exchange Commission (SEC) showed.

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