Singapore SPAC Vertex Technology set for local listing on Jan 21
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[SINGAPORE] A Singapore special-purpose acquisition company (SPAC) backed by state investor Temasek's Vertex Venture 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 (Jan 7).
Vertex Technology Acquisition (VTAC), a SPAC focussing on cybersecurity, fintech and other sectors, said on Thursday (Jan 6) it aimed to raise at least about S$170m by selling units at S$5 apiece.
The source declined to be identified as he was not authorised to speak to the media.
There was no immediate response to a query sent to Vertex Venture.
REUTERS
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