All Rights Reserved Finance News 2020.
Singapore-based NRI media entrepreneurs list $100 million SPAC IPO on Nasdaq
Vistas Media Acquisition Firm (VMAC) on Friday commenced trading of its $100 million preliminary public providing (IPO) on Nasdaq. The providing consists of 10,000,000 models at a worth to the general public of $10 per unit.
VMAC led by CEO F. Jacob Cherian and Singapore NRI media entrepreneurs and co-founders Saurabh Gupta and Abhayanand Singh is a clean examine firm, additionally generally known as a Particular Objective Acquisition Firm, or SPAC, fashioned for the aim of effecting a merger, share alternate, asset acquisition, share buy, reorganization or related enterprise mixture with a number of companies or entities within the World Media and Leisure sector.
The corporate’s key companies embody content material manufacturing and distribution throughout movies — from Hollywood to Bollywood and Collection, stay leisure occasions and digital media advertising and marketing.
Began in 2018, Vistas Media Capital, the mum or dad of the sponsor entity of VMAC is a completely built-in content material media and leisure funding holding firm. VMC’s India associate Piiyush Singh is accountable for growing, buying, managing and executing all manufacturing and distribution initiatives for VMC, throughout Bollywood and regional content material in India. Golden Ratio Movies, a completely owned subsidiary of Vistas Media Capital, has been very energetic within the Indian content material area with their launched and upcoming slate in Hindi, Marathi and Tamil movies and sequence.