The Singapore stock exchange is poised to list its first special purpose acquisition company as early as next week, which could put it ahead of rival Hong Kong in welcoming the popular new form of fundraising, Nikkei Asia reports.
Two sponsor companies announced today they had filed prospectuses for initial public offerings of their SPACs, the first such filings in the city. The financial hub is keen to follow in the footsteps of the U.S., which has seen a flood of SPAC listings during the course of the COVID-19 pandemic.
Hong Kong’s stock exchange operator, by contrast, only opened the door to SPAC listings at the start of this year, a little later than its Singaporean counterpart, which launched a framework for the vehicle months ago. Read more.
