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Chenghe Acquisition I (LatAmGrowth SPAC) Priced, Nasdaq: LATG

Blank check company targeting high growth businesses in Latin America (pending: Femco Steel Technology).

Industry: SPAC

Latest Trade: $11.68 0.00 (0.0%)

First Day Return: 0.0%

Return from IPO: +16.8%

Industry: SPAC

LatAmGrowth SPAC is a newly organized blank check company. While we may pursue an acquisition opportunity in any business, industry, sector or geographical location, we intend to focus our search on high growth companies in Latin America, including Brazil, as well as businesses located in the United States that cater to the Hispanic community: (1) with significant technological advantages, and/or (2) that are well positioned to benefit from the favorable structural and secular trends of the emerging middle class. Our sponsor was formed by Members of SouthLight Capital, and Gerard Cremoux, our Chief Executive Officer, Chief Financial Officer and Director and the former Head of Latin America Investment Banking at UBS. SouthLight Capital is affiliated with DigitalBridge, a global investment firm based in the U.S. focused on digital infrastructure, real estate and investment management sectors with assets under management of US$49 billion as of September 30, 2021 and more than 30 years of international investment experience. This combination of a top-tier private equity firm that is seasoned in investing in Latin America and a senior investment banker with broad transactional experience and extensive connections in the region uniquely positions LatAmGrowth SPAC in its search of a business combination in Latin America, including Brazil, or with businesses located in the United States that cater to the Hispanic community.
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IPO Data
IPO File Date 11/24/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 13.0
Deal Size ($mm) $130
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/24/2022
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 13.0
Deal Size ($mm) $130
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
BofA Securities
BTG Pactual
Company Data
Headquarters Mexico City, Mexico
Founded 2021
Employees at IPO 2

Chenghe Acquisition I (LatAmGrowth SPAC) (LATG) Performance