Renaissance Capital logo

Eqonex (8i Enterprises Acquisition) Priced, Nasdaq: EQOS

Blank check company backed by 8i Capital and targeting a high-growth business in Asia (completed 10/1/2020).

Industry: SPAC

First Day Return: +0.3%

Industry: SPAC

We are a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. Our efforts to identify a prospective targets business will not be limited to a particular geographic region or industry, although we intend to focus on targets located in Asia. We do not have a definitive criteria on the targets’ financial performance, but we intend to initially focus on companies that have achieved growth of over 25% per annum in either their revenue or net profit for the past 2 years. Our Chairman and Chief Executive Officer, Mr. James Tan, has more than 20 years of experience in building up start-ups, managing publicly listed companies, and executing M&A deals in Asia. Through his privately held vehicle, 8i Capital Limited, Mr. James Tan has identified and acquired private and public companies, developing a large base of relationships and a network in Asia that can deliver opportunities for us, with access to governments, private and public companies with growth prospects, and financial institutions. We will seek to acquire companies with enterprise values of between $100 million and $500 million that are preferably already cash-generative.
more less
IPO Data
IPO File Date 02/22/2019
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 5.0
Deal Size ($mm) $50
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/27/2019
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $50
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Singapore
Founded 2017
Employees at IPO 2
Website www.8icorp.com

Eqonex (8i Enterprises Acquisition) (EQOS) Performance