First HK-listed SPAC has slow start in IPO debut


As of 12:55pm local time, just two trades were registered with the shares, which were unchanged from their offer price of HK$10 (RM5.40) each.(Pic shows HK stock exchange square)

HONG KONG: Aquila Acquisition Corp, the first special purpose acquisition company (SPAC) to list in Hong Kong, had a slow debut yesterday as few investors are qualified to trade the shares.

As of 12:55pm local time, just two trades were registered with the shares, which were unchanged from their offer price of HK$10 (RM5.40) each.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Hong Kong , listed , SPAC , slow start , IPO ,

Next In Business News

Japan's Nikkei hits record high on loose policy hopes, weaker yen
FBM KLCI holds firm above 1,700
Ringgit opens lower against US$ but higher vs major currencies
Global EV sales growth likely to slow after 20% jump in rocky 2025, research firm says
Trading ideas: Capital A, LBS Bina, Rimbunan Sawit, Selangor Dredging, Vstecs, Velocity, Jetson, PetDag, Foodie Media
Oil prices rise on potential Iran supply disruption
Wall St falls with financials amid credit-card rate plan concern
Foodie Media� 1Q revenue at RM13mil
Ex-Lazard banker’s insider tips reap US$41mil haul
AirAsia X to be renamed AirAsia from next week

Others Also Read