SAO PAULO, July 2, 2014 /PRNewswire/ -- The Garnero Group Acquisition Company (GGAC), a company focusing on mergers, capital swaps and asset acquisitions, announced today, July 1st, the end of its public stock offering (IPO) on the Nasdaq, one of the world's leading stock exchanges.
The company raised US$ 125 million with the operation, which placed 12.5 million shares of company stock on the market with an initial value of US$10 per lot for its shareholders. The offering was concluded only one week after the company received authorization for it from the SEC (Securities and Exchange Commission).
EarlyBirdCapital, Inc. was the only bookrunner and managing underwriter for this offering. The U.S. companies Aegis Capital, Ladenburg Thalmann and I-Bankers were its co-underwriters.
