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Tech titans Grab, Traveloka, PropertyGuru eye US listings via SPAC merger – but what of Asia's bourses?

Tech titans Grab, Traveloka, PropertyGuru eye US listings via SPAC merger – but what of Asia’s bourses? Run for the money. Southeast Asia’s tech titans and start-up unicorns are increasingly eyeing listings on US stock markets via ‘special-purpose acquisition company’ mergers. Image: SCMP When the Singapore-headquartered super app Grab announced on Tuesday that it was going public in the United States via a merger with a special purpose acquisition company (SPAC), it caused a flurry ...
United States Hong Kong National University Of Singapore Singapore General Nusa Tenggara Barat Jakarta Raya
Source: msn.com

Hong Kong, Singapore adopt divergent approaches to SPACs as deals heat up

Blog Blog Blog Blog 2 Mar, 2021 Author Rebecca IsjwaraXiuxi Zhu Hong Kong and Singapore, Asias most established financial centers, are taking very different approaches to blank-check companies, alternatives to traditional IPOs that are gathering steam in the region where takeover targets are plentiful. Singapore Exchange Ltd. is reportedly working toward listing special purpose acquisition companies, which are skeleton organizations that launch with t...
New York United States Hong Kong South Korea Mark Uhrynuk Morrison Foerster

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