Angel Pond Holdings, a blank check company focusing on technology-enabled sectors in Greater China, filed on Monday with the SEC to raise up to $300 million in an initial public offering.
The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, Angel Pond Holdings would command a market value of $375 million.
The company was founded by CEO and Chairman Theodore Wang, the founder of Puissance Capital Management and Angel Pond Capital and a former Partner at Goldman Sachs, and Simon Xie, the founder and Executive Director of Hangzhou Hupan Shannan Capital Management and a co-founder of Alibaba Group. Angel Pond Holdings plans to target businesses in the Greater China region, especially technology-enabled sectors, including e-commerce, enterprise software and cloud computing, and fintech.
Angel Pond Holdings was founded in 2021 and plans to list on the NYSE. It has not selected a symbol yet (RC ticker: APHU.RC). Goldman Sachs (Asia) and J.P. Morgan are the joint bookrunners on the deal.
