AMTD Idea (AMTD), AMTD Digital (HKD) and its unit Generation Essentials (TGE) said Tuesday that TGE Value Creative Solutions, a special purpose acquisition company, completed its initial public offering of 15 million units at $10 apiece for gross proceeds of $150 million.

Each unit consists of one class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one class A ordinary share at $11.50, the companies said.

The units are listed on the New York Stock Exchange under the ticker symbol "BEBE U."

Once the securities begin separate trading, the class A shares and warrants will trade under the tickers "BEBE" and "BEBE WS" respectively, according to the companies.

Shares of Generation Essentials, the sponsor of TGE Value, were down 3.7% in premarket trading.