Asian exchanges are keen to get in on the boom in “blank-check” company IPOs that have swept the U.S., Nikkei Asia reports. But the region may not generate the same kind of frenzy.
Asia is still considered less fertile ground for SPACs. Sponsors say onerous disclosure requirements, long vetting processes by listing committees and a reluctance to relax rules — after recent clampdowns on backdoor listings — are among the issues likely to inhibit SPAC takeup in the region. Read more.
