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.