Hong Kong’s DayDayCook heads to Nasdaq via merger with a blank cheque company, blazing a new fundraising trail for start-ups

Source: Tech – South China Morning PostDayDayCook, a recipe hub founded by former HSBC banker-turned-online influencer Norma Chu, will merge with a New York-listed special purpose acquisition company (SPAC), becoming the first Hong Kong start-up focusing on internet consumption to head for the capital markets via the so-called blank cheque route.DayDayCook’s merger with Ace Global Business Acquisitions values the nine-year-old start-up with 80 million active users at US$300 million in enterprise value. The combined company is aiming…Read More

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