Freshfields advises on Hong Kong’s fourth SPAC listing

Freshfields Bruckhaus Deringer (‘Freshfields’) has advised ABCI Capital and J.P. Morgan, the joint sponsors and underwriters on the listing of Interra Acquisition Corporation (‘Interra’) on the Hong Kong Stock Exchange (‘HKSE’). The promoters of Interra are Primavera US LLC and ABCI Asset Management. Trading in the securities commenced today (16 September 2022).

The transaction marks the fourth listing by a special purpose acquisition company (‘SPAC’) on HKSE since the Listing Rules changed at the start of 2022 to permit such listings. Freshfields has advised on three of these four listings, including Hong Kong’s first-ever SPAC listing in March 2022.

Interra’s strategy is to focus on potential de-SPAC targets which are high-growth companies focused on Greater China in the sectors of innovative technology, consumer and new retail, advanced manufacturing, healthcare and climate action.

The Freshfields team advising on the transaction was led by partners Grace Huang and Arun Balasubramanian.