Pacific Special Acquisition Corporation (PAACU.Nasdaq), a black check company incorporated by China's Pacific Securities Co., Ltd. (601099.SH), started trading on Nasdaq stock market on Thursday.
The company raised 57 million US dollars through making initial public offering on Nasdaq. After debuting on the US stock market, the company will seek to invest and merger companies with growth potentials on both Chinese and global markets, said Feng Yaqi, Chief Executive Officer of Pacific Special Acquisition Corporation.
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