LanzaTech Global Announces JV IPO Raising Approximately $75M in Hong Kong
The company states: "LanzaTech Global announced that Beijing Shougang LanzaTech Technology Co., Ltd., a joint venture in which LanzaTech held a 9.31% equity stake prior to the offering described below, has launched its Initial Public Offering (IPO) of 40 million H-Shares at a public offering price equivalent to approximately US$1.86 per share, based on applicable exchange rates, on the Hong Kong Stock Exchange. The offering raised gross proceeds of approximately US$75M before underwriting discounts and commissions. Based on the offering price, the JV had an implied market capitalization of approximately US$750M upon listing. The JV's ordinary shares commenced trading today on the Hong Kong Stock Exchange, under the stock code 02553."
