AGBA
Road show story: excess funds raised behind the trade war
On May 6, 2019, the first day of the road show, U.S. President Trump announced that he
would impose a 25% tariff on $200 billion worth of Chinese goods. On May 9th, the
negotiations failed, the trade war was about to start, the market atmosphere was
negative and the team was under great pressure. Even in such situation, our team
members, relying on rich experience, still attracted many investors. Philip Goldstein, a
famous American investor, spoke highly of performance of AGBA team, claiming that it
was one of the best roadshows he had experienced. Although the China-US trade war
triggered a negative market atmosphere, the company‘s management team still
received wide recognition from investors, which fully demonstrates that capital knows
no borders and that U.S. investors are always bullish on China's future.
At 10: 00 a.m. on May 14th, 2019, AGBA Acquisition Limited raised $46 million and got
listed on NASDAQ with the stock symbol AGBA.
On November 4th, 2021, AGBA Acquisition Limited(“AGBA ") announced a merger agreement with Tag Holdings Limited ("TAG "), a subsidiary of Convoy Global. This transaction makes TAG's valuation of nearly $555 million, and the combined company's
valuation is about $600 million if no shareholders exercise the right of redemption. At the time of deal closing, it is expected that TAG will simultaneously obtain PIPE of not less than $35 million.
More
010-85892903
