SPACs Expected to Help Singapore Break Driest IPO Spell in Years: Report

Blank-check companies could revive Singapore’s languishing market for IPOs as stock exchanges from Mumbai to Seoul profit from blockbuster deals, Bloomberg reports.

Singapore Exchange Ltd. last week presented rules for the listing of SPACs as it attempts to get a slice of what has become a worldwide frenzy. It is allowing SPACs to list under a rulebook that is more lenient than initially envisioned and more in line with the framework in the U.S. Read more.

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Tech Startups Shun Singapore and Hong Kong for U.S. SPACs

Information from financial data provider Refinitiv shows that at least nine Singapore and Hong Kong companies this year have announced plans to go public with SPACs listed in the U.S., despite the cities offering a number of these shell companies since the first quarter -- none of which has merged successfully with a target business.