Mirae Asset Vision SPAC No. 10 is surging in early trading on the 23rd.
A SPAC (special purpose acquisition company) is a shell company established solely for mergers and acquisitions of corporations. It must merge with an unlisted, high-quality corporation within three years. If it fails to find a merger target, it is automatically delisted.
As of 9:25 a.m. on the 23rd on the KOSDAQ market, Mirae Asset Vision SPAC No. 10 is being transaction at 4,770 won, up 2,770 won (138.5%) from its offering price (2,000 won).
The target industries for Mirae Asset Vision SPAC No. 10's merger include industries considered to have future growth drivers, such as renewable energy, biopharmaceuticals and medical devices, IT convergence systems, LED applications, green transportation systems, carbon reduction energy, advanced water treatment, broadcasting and telecommunications convergence industry, robotics and applications, new materials and nano convergence, high value-added food industry, entertainment, and auto parts manufacturing.
Mirae Asset Vision SPAC No. 10 raised a total of 6 million shares through its IPO subscription. It allocated 4.5 million shares (75%) to institutional investors and 1.5 million shares (25%) to retail subscribers. The subscription competition ratio came to 914.5 to 1.