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.