GigCapital (GIG.U) plans to raise $150 million in an initial public offering on Saturday, December 9th, IPO Scoop reports. The company will be issuing 15,000,000 shares at a price of $10.00 per share.

The company has a market cap of $192.9 million.

Cowen and Chardan served as the underwriters for the IPO.

GigCapital provided the following description of their company for its IPO: ”  We are a Delaware corporation formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, recapitalization or other similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. Our management team has significant hands-on experience helping TMT companies optimize their existing and new growth initiatives by exploiting insights from rich data assets that already exist within most TMT companies.   “.

GigCapital was founded in 2017 and has 0 employees. The company is located at 3000 El Camino Real Building 4, Suite 232, Palo Alto, CA 94306, US and can be reached via phone at (650)352-7580.

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