SPACs can help Singapore break driest IPO spell in years


SINGAPORE: 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. this 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 lenient than initially envisioned and more in line with the framework in the U.S.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

AI or bust
Bursa sees upside despite a rocky ride
BANK’S PICKLEBALL CHAMPIONSHIP PROMISES WHOLESOME EXPERIENCE
Bubble fears as valuations stretch
Naturally made for families
Hektar REIT proposes RM125mil deal to acquire, lease international school
Zetrix AI, Shenzhen data exchange plan to develop Asean-China data trading platform
LSH reports stronger 1HFY26 results on robust construction activity
SCIB completes RM113mil disposal to focus on construction, EPCC business
Taliworks posts lower 1Q profit, declares 0.25 sen dividend

Others Also Read