Hong Kong and Singapore are trying to get in on the boom in blank check company listings, while safeguarding investors from what some say is a bubble about to burst.
Singapore Joins Asia’s SPAC Race But Investors Flock To US
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.
Magnum Opus Acquisition Limited Raises US $200M SPAC IPO, to capitalize on the convergence of consumption and technology
Magnum Opus Holdings LLC successfully launched its first SPAC vehicle, Magnum Opus Acquisition Limited (“Magnum Opus”) on the New York Stock Exchange.
Asia’s Ultra-Rich Are Piling Investments Into Blank-Check Firms
Asia’s richest families and individuals are jumping on the SPAC wagon, investing in the blank-check companies that have taken global markets by storm.
Hong Kong considering allowing SPAC listings
Hong Kong is exploring whether to allow Special Purpose Acquisition Companies (SPAC) to list in the Asian financial hub, according to a government statement, indicating that a largely U.S. phenomenon could be going global.