Singaporean investment firms Aura Group and Fat Projects have agreed to explore launching SPACs that target technology businesses in the Asia Pacific region, Bloomberg reports today.
“We share the joint thesis that Southeast Asia is one of the most exciting places to invest over the next decade,” Aura co-founder Calvin Ng said in an interview. “The next billion internet users are coming online from this region.”
Fat Projects Acquisition last week priced its IPO of $100 million. Read more.
