Consumer-focused SPAC Primavera Capital Acquisition eyes $300m from NYSE listing

Shanghai, China. Source:
Ralf Leineweber/Unsplash

Primavera Capital Acquisition, a special-purpose acquisition company (SPAC) formed by Beijing-based private equity firm Primavera Capital Group, has filed with the US SEC to raise up to $300 million in an initial public offering (IPO).

The filing further adds to the fundraising frenzy involving Asia-focused SPACs — companies without operations formed only to raise capital to acquire other businesses — that are looking to acquire Southeast Asia’s tech, healthcare, and fintech startups.

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