Hong Kong - Davis Polk Advises Duddell Street Acquisition Corp. On Its $175 Million Initial Public Offering.

Legal News & Analysis - Asia Pacific - Hong Kong - Capital Markets

4 November, 2020

 

Davis Polk advised Duddell Street Acquisition Corp. on its $175 million initial public offering of 17,500,000 units. Each unit had an initial offering price of $10 and consists of one Class A ordinary share and one-half of one redeemable warrant. The units, the shares and the warrants are listed on the Nasdaq Capital Market.

 

The company is a newly incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting an initial business combination, and intends to focus on global companies in telecom, media and technology, healthcare, fintech and consumer sectors with compelling Asian growth potential.

         

The Davis Polk capital markets team included partners Derek Dostal and Deanna L. Kirkpatrick and associates Gil Savir and Chelsea Renter. Counsel Gregory D. Hughes provided executive compensation advice. The tax team included partner William A. Curran and associate Ben Levenback. Members of the Davis Polk team are based in the New York and Northern California offices.