Tikehau Capital submits application to SGX for S$200m SPAC IPO

Singapore

EUROPEAN asset manager Tikehau Capital, together with partner Financiere Agache, on Tuesday (Oct 26) submitted an initial public offering (IPO) application to list a special purpose acquisition company (SPAC) on the Singapore Exchange (SGX), according to people familiar with the matter.

The application is to raise S$200 million for the SPAC - Pegasus Asia - but this is a placeholder amount and the eventual amount raised from the IPO could be larger, said the people, who asked not to be identified as the information is confidential.