Taiwan's Gogoro trades up on NASDAQ following SPAC merger
Gogoro, a Taiwan-based start-up that has developed a battery-swapping technology for scooters, gained 10% on its NASDAQ trading debut following the completion of a merger with a special purpose acquisition company (SPAC) backed by the former CIO of Morgan Stanley Private Equity Asia (MSPEA).
The stock opened at USD 15.50 on April 5 and then saw considerable fluctuation as investors redeemed their positions before closing at USD 14.40, comfortably above the SPAC offering price of USD 10.00....
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