To embed, copy and paste the code into your website or blog: Special purpose acquisition companies (SPACs), which provide unique opportunities to raise capital from a diverse group of investors and invest in companies, are currently flourishing as investment vehicles. The United States remains the primary market for SPAC listings globally, and many Asian and European investors are piling into the U.S. SPAC market. In 2020 alone, investment firms in mainland China, Hong Kong, and Singapore raised billions of dollars on the New York Stock Exchange and Nasdaq via SPACs. In fact, by February 18, 2021, eight SPACs sponsored by Asian companies on U.S. exchanges had already outraised the total amount raised by SPACs in Asia in 2020. This rapid increase in funding has drawn the attention of other countries: as the SPAC trend reaches its apex in the United States, other jurisdictions, including the U.K., Hong Kong and Singapore, are exploring the vehicle.