In a bustling week for SPAC IPOs, Smart Digital, a Singapore-based digital marketing service provider, and Yuanbao, an online distributor of insurance policies in China, successfully launched their trading. Smart Digital's shares debuted at $5.45 after pricing its 1.5 million ordinary shares at $4.00 each. Meanwhile, Yuanbao's shares opened at $21.66 following a $30 million fundraising effort through 2 million American depositary shares, marking a robust interest in the insurance distribution market. Additionally, several blank check companies, like Gores Holdings X and Cartesian Growth Corporation III, also debuted, aiming to leverage various industries for acquisitions.
"Smart Digital (SDM) opened on May 2 at $5.45, announcing its IPO of 1.5 million ordinary shares at $4.00 each, highlighting market interest in digital marketing services."
"Yuanbao (YB) commenced trading on April 30, reaching $21.66 after raising $30 million with its offer of 2 million American depositary shares at $15, signifying strong investor confidence in online insurance distribution."
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