Units in Pegasus Asia spac opened at $5.01 on its first day of trading on the Singapore Exchange (SGX). The spac is trading under the stock code “PGU”.
The trading price is a slight 0.2% higher than the spac’s offer price of $5. Pegasus Asia, on Jan 20, announced that its public tranche of 600,000 units was 7.8 times subscribed.
Its international offering of 25 million units was “oversubscribed”. On Jan 21, the spac revealed that its offering size of 29.6 million offering units was fully allocated.