Pegasus Asia spac public tranche 7.8 times subscribed

Khairani Afifi Noordin
Khairani Afifi Noordin1/20/2022 8:30 PM GMT+08  • 2 min read
Pegasus Asia spac public tranche 7.8 times subscribed
Trading will commence at 9am on January 21 on the Mainboard of the Singapore Exchange.
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Pegasus Asia, the spac of sponsor group Tikehau Capital, Financière Agache, Diego De Giorgi and Jean-Pierre Mustier has seen its public offer of 600,000 units 7.8 times subscribed as balloting closed on Jan 19.

In a filing, the spac said its international offering of 25 million placement units was "oversubscribed", without quantifying the level of demand.

In contrast, the public tranche of Vertex Technology Acquisition Corp, the spac launched on the same day as Pegasus Asia, was 36 times subscribed, while its placement tranche was 8.8 times subscribed.

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