SPAC mania: What is it and will it be the next big thing in Asia?
SPAC mania: What is it and will it be the next big thing in Asia? Toggle share menu Advertisement (Photo: AP) 27 Apr 2021 06:10AM) Share this content Bookmark SINGAPORE: Singapore-headquartered Grab announced earlier this month that it would go public in the United States by merging with a special purpose acquisition company (SPAC). With a near US$40 billion (about S$53 billion) valuation, this marks the biggest of such deals. For many, this listing structure may sound foreign but Grab is getting in on one of Wall Street’s hottest trends. Advertisement Adve...
Source: channelnewsasia.com