The Singapore Exchange could receive its first application for a SPAC listing in “the next couple of weeks,” Chief Executive Loh Boon Chye told CNBC.
SGX earlier this month announced new rules allowing SPACs to list on its platform. Loh said the exchange is speaking with potential sponsors and is seeing “a robust pipeline” of potential listings.
“We think some of them would come through in terms of seeking out the submission in the next couple of weeks,” the CEO said. “But obviously, the market has to hold for them to be on submission, and really list and raise funds. If the markets continue to go up well, we think some of those pipelines will crystallize into actual IPOs.” Read more.
