Tango Bypasses IPO Route With SPAC Merger

Cancer Firm Will Raise $353m, List On US Stock Market In Q3

The cancer drug developer was planning to go public later this year, but its series B investor Boxer Capital proposed a merger with its special purpose acquisition corporation, BCTG Acquisition.

SPAC vs IPO blocks
Tango did not consider a SPAC merger until its investor Boxer Capital suggested a deal • Source: Alamy

More from Financing

More from Business