Ogier advises Bowen Acquisition Corp on US$60 million SPAC IPO

Ogier acted as Cayman Islands counsel to Bowen Acquisition Corp on its US$60 million initial public offering on Nasdaq.

The special purpose acquisition company (SPAC), which is incorporated in the Cayman Islands, completed the initial public offering (IPO) of its 6,000,000 units at an offering price of US$10 per unit on 13 July 2023.

The units issued by the company started trading on the Nasdaq Stock Market LLC on 12 July 2023.

The Ogier team in Hong Kong was led by Corporate partner Florence Chan, with support from the firm's global head of Corporate, Nathan Powell, and paralegal Jenson Ng.

Ogier worked alongside Graubard Miller as the US counsel and EarlyBirdCapital Inc as the sole book-running manager of the offering, and Revere Securities is acting as co-manager of the offering.