Pegasus Asia trumpets international ties; CEO says intention is to de-SPAC soon after IPO
PEGASUS Asia is leaning on its international ties to attract interest in its special purpose acquisition company (SPAC).
Chief executive Neil Parekh, in an interview with The Business Times, said the SPAC is seeing "strong investor interest" as it is the "only international sponsor" among the first round of SPACs.
"In terms of the quality of investors, there are some household name family offices, and some long-only institutions. It's quite a wide mix."
TRENDING NOW
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
As luxury retail goes big, can Singapore’s Orchard Road keep up?
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan