Singapore to let blank cheque companies raise funds starting on September 3, beating Hong Kong to the punch with SPACs – Asia – South China Morning Post

Singapore to let blank cheque companies raise funds starting on September 3, beating Hong Kong to the punch with SPACs – Asia – South China Morning Post

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Singapore said on Thursday that it would allow special purpose acquisition companies (SPACs) to go public on its bourse starting Friday, as the city state hopes to become the go-to market in Asia for what has been one of the hottest fundraising trends globally in the past 18 months.The so-called blank-cheque companies have raised more than US$122 billion this year alone, primarily through listings in the United States. However, they have proven to be popular with Asian sponsors and target…Read More

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