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4 Models stand beside Grab cars during the launch of the ride hailing-firm's services in the country, in Phnom Penh on Dec 19, 2017. (AFP file photo) SINGAPORE/HONG KONG: A new fundraising frenzy that swept Wall Street this year looks set to take hold in Asia with more than a dozen special purpose acquisition companies, or SPACs, on the hunt for fast-growing technology firms that are ready to go public. SPACs are exchange-listed shell companies that raise money through initial public offerings (IPOs) and merge with firms by enticing them with shorter listing timelines...

Analysis: New blank-check firms arm up for Asian unicorn hunt By Anshuman Daga and Kane Wu FILE PHOTO: FILE PHOTO: Gojek driver helmets are seen during Go-Food festival in Jakarta SINGAPORE/HONG KONG (Reuters) – A new fundraising frenzy that swept Wall Street this year looks set to take hold in Asia with more than a dozen special purpose acquisition companies, or SPACs, on the hunt for fast-growing technology firms that are ready to go public. SPACs are exchange-listed shell companies that raise money through initial public offerings (IPOs) and merge with firms by enticing them ...