Colombian Blank Check Company Breaks U.S. IPO Ice After Shutdown

A Bogota-based blank check company incorporated in the Cayman Islands was the first to break the initial public offering ice in the U.S. after the 35-day federal government shutdown.

Andina Acquisition Corp. III raised $100 million Jan. 28, pricing 10 million shares at $10 each on the Nasdaq Capital Market. The shares were unchanged at 12:03 p.m. after trading opened Jan. 29. It was the first IPO to price on a U.S. exchange since Jan. 16, according to data compiled by Bloomberg.

Don’t expect a listing resurgence just yet. Only one other IPO is currently expected to price on or ...