SINGAPORE: Two Singapore special-purpose acquisition companies (SPACs) have opened their books for initial public offerings (IPOs) and are set to list in the city-state later this month, two people with knowledge of the matter said on Friday.
The IPOs, by Vertex Technology Acquisition Corp (VTAC) and Pegasus Asia, would mark the first SPAC listings on a major Asian bourse, and the first in the region since the frenzy for such blank-check firms started in the United States in 2020. Demand for U.S. SPACs has since fizzled out.
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