05:18 PM EDT, 07/15/2024 (MT Newswires) -- Launch One Acquisition ( LPAAU ) said Monday it closed its initial public offering of 23 million units, including 3 million units for the full exercise by underwriters of an overallotment option, raising $230 million for the blank-check company.

The units started trading on the Nasdaq on Friday. The offering was priced at $10 a unit.

The company plans to pursue an acquisition opportunity in health care and health care-related industries, particularly in life sciences.