SPACs can benefit Singapore, but implementation will determine success: participants

Singapore

ALLOWING Special Purpose Acquisition Companies (SPACs) to list in Singapore can benefit the Singapore markets, and there is interest from investors and sponsors in the structure, but market participants said success would depend on how the listing rules are drawn up.

Last week, Singapore Exchange Regulation (SGX RegCo) said it was considering a public consultation, possibly as early as this quarter, on SPACs listings, given their current popularity globally.