Skip to content

Crouching Dragon?

January 20, 2011

The past week brought the first two IPO registrations of the year by blank check companies — as well as a third that went public via a business combination with a blank check company.

Photo by Franco Folini. Some rights reserved.

All three companies are from East Asia: one (China Resources Development Inc.) from Hong Kong, and two (Prime Acquisition Corp and China Complant Group, formerly known as Fangxing Holding Inc.) from the People’s Republic of China.

Last summer, we remarked upon what looked like a possible resurgence in blank check companies, or special purpose acquisition companies.  And in October we noted that non-US companies were contributing strongly to that resurgence, with China being the leader of that pack.  So this year’s early returns are consistent with that pattern.  Stay tuned.

 

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: