FlatWorld Acquisition (FTWAU.OB) Launches IPO at $10
FlatWorld Acquisition Corp. was recently organized to acquire and merge with an operating business in either the global business services sector or emerging Asian markets, including China and India. The company today announced the pricing of its initial public offering (IPO) of 2,200,000 units at a price of $10 per unit for gross proceeds of $22 million. Each unit of the IPO consists of one ordinary share and one warrant to purchase an additional ordinary share at $11. The company’s shares commenced trading on the OTCBB today under the ticker symbol "FTWAU.” Prior to today’s IPO, FlatWorld Acquisition received a…