TRG Latin America Acquisitions Closes $200 Million IPO

MT Newswires Live

Feb 28

TRG Latin America Acquisitions (TRGSU) said Friday that it has completed its initial public offering of 20 million units at a price of $10 per unit, to raise $200 million.

The blank check company said underwriters have been given a 45-day option to buy an additional 3 million units to cover over-allotments.

After the Class A ordinary shares and rights comprising the units begin trading separately, they are set to be listed on Nasdaq under the symbols "TRGS" and "TRGSR," respectively, according to a statement.

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