Wealthbridge Prices $50M IPO Hoping To Buy Chinese Air Co.

Law360 (February 6, 2019, 6:49 PM EST) -- Wealthbridge Acquisition Ltd. on Tuesday raised $50 million in an initial public offering intended to help fund an acquisition of a Chinese air transportation business, joining several blank-check companies that have completed deals in early 2019 in an otherwise slow period for IPOs.

New York-based Wealthbridge, represented by Loeb & Loeb LLP, said it priced 5 million units at $10 each, raising $50 million. Proceeds could rise to $57.5 million if the underwriters exercise an option to buy an additional 750,000 units at the IPO price in the next 45 days.

Wealthbridge said it hopes to acquire a businesses in the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!