Chenghe Acquisition II, an Asian market-focused SPAC, successfully raised $75 million through an IPO in the US. Each unit sold for $10, consisting of one share and one-half of a warrant, with units listed on the NYSE under ticker CHEB.U. Chenghe, led by CEO Anna Zhou and chairman Shibin Wang, plans to target growing companies in Asia. Meanwhile, Rising Dragon Acquisition, another SPAC from China, seeks to raise $50 million in a US IPO, priced similarly at $10 per unit. The company, led by CEO Lulu Xing, intends to pursue opportunities in green technology, new energy, AI applications, business software, and healthcare among small-cap businesses in North America, Europe, or Asia. This demonstrates the ongoing interest and capital-raising capabilities of SPACs targeting niche and high-growth sectors.

Finance, Technology,United States, Asia