It’s been a slow and cautious start for SPACs that launched in Hong Kong and Singapore in recent months — in stark contrast to last year’s SPAC boom in the U.S. which has also fizzled out, CNBC reports.
Only one SPAC was launched in Hong Kong in the first quarter and it raised $128 million, while three were launched in Singapore, raising a total of $334 million, according to data analytics firm Refinitiv. Read more.
