Keen interest could see first Singapore SPAC listings within 3 months

Singapore

SPECIAL purpose acquisition companies or SPACs could find their way onto the Singapore Exchange (SGX) mainboard as early as this year, and several local private companies have told The Business Times that they are open to the possibility of merging with SGX-listed SPACs to go public.

SGX said on Friday it could receive its first SPAC submission in weeks. The framework to allow the blank-cheque companies had been introduced earlier this month.