Ogier’s Hong Kong team advises A Paradise Acquisition Corp. on US$200 million Nasdaq IPO

Ogier's Corporate team in Hong Kong acted as British Virgin Islands counsel to A Paradise Acquisition Corp. on its US$200 million initial public offering on Nasdaq.

The BVI-incorporated special purpose acquisition company (SPAC) announced the closure of its initial public offering (IPO) on 31 July 2025. The IPO consisted of 20 million units and an over-allotment option to purchase up to 3 million units, at an offering price of US$10 per unit. In total, the company generated gross proceeds in the region of US$200 million. 

Units commenced trading on Nasdaq Capital Market under the ticker symbol APADU on 30 July 2025. 

The team was led by partner Rachel Huang, with support from the firm's global head of Corporate Nathan Powell, legal manager Chloe Yip and paralegal Josie Ma. Ogier worked closely with the company's US counsel, Morrison & Foerster LLP. 

Rachel said: "We are pleased to have supported A Paradise Acquisition Corp. in its successful listing, showcasing our expertise in guiding Hong Kong clients through the US SPAC market. This milestone reflects our ongoing commitment to exceptional client service, and we look forward to continuing to support our clients’ success in the future."

A Paradise Acquisition Corp. intends to pursue prospective targets in the leisure and entertainment sector that it believes have an optimistic growth trajectory.