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Dubai-based Arrow Capital in $240m tech-focussed SPAC listing on Nasdaq


Arrow lines up with US venture capital firm Tribe, making more headway for SPACs
Nasdaq s getting a lot of the SPAC dollars - and it s been sizeable. More than $73 billion was raised via SPACs last year.
Image Credit: Bloomberg
Dubai: It’s raining SPACs…
Arrow Capital, an advisory firm with offices in Dubai and Mauritius, has closed a $240 million SPAC that, it says, will open up tech investment opportunities in the US for Gulf investors.
Done in alliance with US-based Tribe Capital, a VC firm, the new SPAC – or Special Purpose Acquisition Company – is trading as ‘Tribe Capital Growth Corp I’ on Nasdaq. ....

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UAE's Arrow Capital Co-sponsors $240 million Nasdaq tech SPAC in partnership with Silicon Valley-Based VC Tribe Capital


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- 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 access to diversified investment opportunities for Gulf investors. ....

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UAE's Arrow Capital co-sponsors $240mln Nasdaq tech SPAC

UAE's Arrow Capital co-sponsors $240mln Nasdaq tech SPAC
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Tribe Capital Growth Corp , Nasdaq Capital , Barrow Capital , பழங்குடி மூலதனம் வளர்ச்சி கார்ப் , நாஸ்டாக் மூலதனம் , அம்பு மூலதனம் ,