Consumer tech and lifestyle-focused Copley Acquisition (COPLU) raised $150 million by pricing its SPAC IPO on Wednesday night, April 30, 2025, in sync with the terms in its prospectus: 15.0 million units at $10.00 each – with each unit consisting of one share of common stock and one-half of a warrant. Today – Thursday, May 1, 2025 – Copley Acquisition opened at $10.02 – up 2 cents from its IPO price – in its debut on the New York Stock Exchange. Copley Acquisition’s stock closed at $10.00 – its IPO price – on May 1, 2025, its first day of NYSE trading on volume of about 5.95 million shares after trading as high as $10.03.
Clear Street served as the sole book-runner.
Copley Acquisition, based in Hong Kong, will search for target companies in the consumer tech and lifestyle sectors in the Asia Pacific region, excluding China (APAC) and in North America, according to the prospectus.
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