Asian stock markets from Tokyo to Singapore are considering rule changes to allow listing of SPACs, but some industry players say the region may not attract the kind of frenzy, or the massive billions of dollars, seen in the U.S. for such firms, The Economic Times reports.
The trend to list through SPACs has seen such floats raise $96 billion in the United States this year after a bumper 2020.
In Asia, industry executives worry that low valuations in some markets and the need for SPAC regimes to include strong investor protection safeguards would keep such listings from rapidly taking off. Read more.
