Loeb & Loeb Steers Asia-Focused SPAC's $50M IPO

Law360 (February 22, 2019, 4:56 PM EST) -- Loeb & Loeb LLP-guided special purpose acquisition company 8i Enterprises Acquisition filed a registration statement with the U.S. Securities and Exchange Commission on Friday seeking to raise $50 million to be used for an unspecified acquisition with operating businesses in Asia.

8i Enterprises is an SPAC, or blank check company, which are shell entities that conduct IPOs to fund acquisitions. The company said it will not limit its search for a target business to a particular industry or geographic region, but said it intends to focus on operating businesses in Asia.

8i Enterprises' offering entails 5 million units at a price of...

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