Singapore’s SPAC debut is so last season

The SPAC fever broke out during the pandemic, as part of a broader gamification of finance. — Bloomberg

BACK in 2018, a Taiwanese streaming and online-dating service made history on the New York Stock Exchange (NYSE). For the first time, the shares of a company that rang the listing bell never traded.

Five years later, in its new avatar as 17Live Inc, the firm is entering the annals of another market – this time as Singapore’s first-ever combination with a locally traded blank-cheque stock.