VERTEX Technology Acquisition Corporation made history as the first special purpose acquisition company to list on the Singapore Exchange, on Jan 20, reports The Business Times.
The size of VTAC’s public offer tranche was small – 600,000 units at the initial public offering price of S$5 per unit. VTAC’s public offer tranche drew 3,716 valid applications and was 36 times subscribed. Perhaps retail investors like Singapore’s SPAC framework as well as the sponsor and management of VTAC. Read more.
