SPACs expected to help Singapore break driest IPO spell in years

SGX hosted just three IPOs this year and has struggled to attract big newcomers amid long-time woes of low liquidity and squeezed valuations. - The Straits Times/ANN

SINGAPORE, Sept 6 (Bloomberg): Blank-check companies could revive Singapore’s languishing market for initial public offerings as stock exchanges from Mumbai to Seoul profit from blockbuster deals.

Singapore Exchange Ltd last week presented rules for the listing of special purpose acquisition companies, or SPACs, as it attempts to get a slice of what has become a worldwide frenzy. It is allowing SPACs to list under a rulebook that is more lenient than initially envisioned and more in line with the framework in the US.