(MENAFN) Shuaa Capital, located in Dubai, presented a request along with the American market watchdog to roll out the initial public offering of one of its three prepared USD200 million distinctive purpose seizure firms.
The firm reported in an update to the Dubai Financial Market, where its stakes are exchanged, “Shuaa has lately filed a registration statement with the US Securities and Exchange Commission for the launch of a USD100m to USD200m Spac to be listed on Nasdaq.”
It added, “Shuaa is now going through the final regulatory approvals following which a decision will be made to IPO the Spac.”
It didn’t reveal exactly which industry the prepared Spac will aim at purchases or when the initial public offering is predicted to be rolled out.
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