FILE PHOTO: A Temasek logo is seen at the annual Temasek Review in Singapore July 7, 2016. REUTERS/Edgar Su/File Photo
SINGAPORE (Reuters) - A Singapore special-purpose acquisition company (SPAC) backed by state investor Temasek's Vertex Venture Holdings has started the book building for its initial public offering (IPO) and is set to list in the city-state on Jan. 21, a source with knowledge of the matter said on Friday.
Vertex Technology Acquisition Corp (VTAC), a SPAC focussing on cybersecurity, fintech and other sectors, said on Thursday it aimed to raise at least about S$170 million ($125 million) by selling units at S$5 apiece.
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