A growing number of South Korean companies are going public by merging with a SPAC, with such deals hitting an all-time high at the end of August.
Analysts note that more companies are choosing to take a detour instead of a direct listing due to the worsening fundraising environment, including those for initial public offerings and investments, and the rising number of SPACs listed by brokerage houses this year, Pulse reports.
According to the Korea Exchange on Sunday, 27 preliminary review requests were filed for SPAC mergers between January and August this year, up 68 percent from 16 a year ago. Read more.
