Asian exchanges are keen to get in on the boom in “blank-check” company initial public offerings, or SPACs, that has swept the U.S. But the region may not generate the same kind of frenzy.
Analysis: New blank-check firms arm up for Asian unicorn hunt
A new fundraising frenzy that swept Wall Street this year looks set to take hold in Asia with more than a dozen special purpose acquisition companies, or SPACs, on the hunt for fast-growing technology firms that are ready to go public.