Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Temasek unit-backed SPAC rises in Singapore trading debut, and Tokyo bourse chief says SPACs possible in Japan
Temasek Unit-Backed SPAC Rises 1% in Singapore Trading Debut
The first blank-check company to debut in Singapore climbed 1% in its first day of trading after an offering that attracted strong demand from retail and institutional investors.
Vertex Technology Acquisition Corporation Ltd., sponsored by state investor Temasek’s Vertex Venture Holdings Ltd., closed at S$5.05 on the Singapore exchange, after having jumped as much as 5% in early trade. The SPAC’s IPO is the first for such vehicles in the city-state.READ
Tokyo Bourse Chief Says SPACs Possible in Japan But Only With Safeguards
Japan could open up to blank-check listings but with its own safeguards for investors, the head of the Tokyo bourse said, as the government scrambles to grow startup firms as a way to revitalize the world’s third-largest economy.
The Tokyo Stock Exchange (TSE) has set up a study group to discuss the possibility of allowing SPACs.READ