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Arrow Capital-backed tech SPAC Tribe Capital Growth raises $240m in US IPO Photo: REUTERS/Beawiharta March 8, 2021 Tribe Capital Growth I, a tech-focused blank check company formed by Silicon Valley-based early-stage venture capital firm Tribe Capital Management and Singapore-led investment advisory firm Arrow Capital, has raised $240 million in its initial public offering (IPO) on the Nasdaq. The special purpose acquisition company (SPAC) offered 24 million units at $10 each, with every unit composed of one share of common stock and one-fourth of a warrant, exercisable at $11.50. The units a...

(1) - Tribe Capital Growth Corp I, a special purpose acquisition company (SPAC) with a focus on technology, has successfully raised $240 million in its initial public offering on The Nasdaq Capital Market. - The SPAC was co-sponsored by Arrow Capital Group, a leading wealth management and investment advisory firm and Tribe Capital, a leading US venture capital firm. - One of the first deals of its kind for a Middle East and South East Asia-based SPAC sponsor, investment demand for the SPAC was significant. - Tribe Capital Growth Corp I will target the tech sector, potentially opening acc...