Chinese Fund-Backed Marine SPAC Blue World Acquisition Prices US$80 Million IPO Special purpose acquisition company Blue World Acquisition Corporation (Nasdaq: BWAQU) started trading publicly on the Nasdaq Global Market yesterday. The company is seeking to raise US$80 million in its initial public offering. The offering consists of 8.0 million company units priced at US$10.00 per unit. Each unit is composed of one Class A common share, one-half purchase warrant, and one-tenth of a right. Each whole warrant is redeemable for one common share at US$11.50 per share while each right entitles the holder to receive one common share. The company...