CITICS/CLSA assists TechStar in SPAC listing on HKEX


Hong Kong, 23/12/2022— CITICS/CLSA successfully assisted TechStar Acquisition Corporation (“TechStar”), a Special Purpose Acquisition Company (“SPAC”), listed on the Hong Kong Stock Exchange (“HKEX”) today, acting as the Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager. This fully showcases CITICS/CLSA’s innovative service capability and professionalism as a market leader in the new listing regime for SPACs introduced by the HKEX from January 2022 onwards.

TechStar has raised approximately HK$1.1 billion (US$128.6 million) by issuing 100,100,000 Class-A Shares and 50,050,000 Listed Warrants, respectively, at the price of HK$10.00. With the proceeds, the company will focus on identifying high-growth De-SPAC Targets in the “new economy” sector in China.

CITICS/CLSA keeps pace with the global captical markets as an industry leader. TechStar’s successful listing on the HKEX is a strong testimony of CITICS/CLSA’s in-depth understanding of the new SPAC regime, strong network and competitively differentiated coverage of both institutional and professional investors. With innovation-driven development strategy and strengthened research on innovative products, CITICS/CLSA is strategically positioned to help more enterprises devlop and prosper in global capital markets.

Since its inception, Hong Kong’s SPAC listing regime has attracted issuers and investors across different regions and further enhanced Hong Kong’s competitiveness as an international financial center. Only professional investors are allowed to subscribe and/or buy SPAC Shares and SPAC Warrants. In addition, only SPAC Exchange Participants that are registered with HKEX are allowed to conduct trading of SPAC Shares and SPAC Warrants.


About CLSA

CLSA, CITIC Securities’ international platform, provides global investors and corporate executives with insights, liquidity and capital to drive their growth strategies. It is uniquely positioned to facilitate cross-border capital flows and connect China to the world and the world to China.

Award-winning research, an extensive Asia footprint, direct links to China and highly experienced finance professionals differentiate our innovative products and services in asset management, corporate finance, equity and debt capital markets, securities and wealth management.

CLSA operates from 13 countries across Asia, Australia, Europe and the Americas. For further information, please visit


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