Tiger Brokers-Backed SPAC Makes Stealthy Trading Debut

TradeUP Acquisition Corp. raised $40 million as the second ‘blank check company’ sponsored by China’s No. 2 broker for Chinese investing in U.S. and Hong Kong stocks Key points: The ‘blank check company’ sponsored by Tiger Brokers made a quiet trading debut last week after raising $40 million The SPAC is part of the company’s fast-growing investment banking services for Chinese companies listing overseas By Doug Young Following a strong start to the year, Chinese IPOs in New York have ground to a sudden halt as companies figure out their…

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