GIC-Backed Vietnam Tech Firm Considers $3 Billion SPAC Merger: Report

Vietnam’s VNG Corp., whose investors include a unit of Singaporean sovereign wealth fund GIC Pte, is considering going public in the U.S. through a reverse merger with a blank-check company, Bloomberg reports, citing sources familiar with the matter.

The online gaming and technology firm is working with financial advisers to hold discussions with SPACs for a potential deal that could value VNG at $2 billion to $3 billion. Read more.

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IOSCO Tackles SPAC Boom Concerns

The International Organization of Securities Commissions (IOSCO) published a report examining the SPAC phenomenon. The report also reviews the efforts of regulators in different markets to address SPAC risks through traditional disclosure and gatekeeper obligations.