SPAC

Singapore digital infrastructure company EFGH to pursue US listing via Spac

It has entered into a business combination agreement with WinVest Acquisition Corp

In April, tearoom chain Chagee debuted on the Nasdaq after raising US$411 million in the biggest IPO of a Chinese firm in the US this year.
NEWS ANALYSIS

Chinese firms set for record US listings, undeterred by geopolitics

[SHANGHAI / HONG KONG] A record number of Chinese companies are seeking a US listing this year as onerous domestic listing rules and the prospect of better valuations convince them to brave volatile S...

US Secretary of Commerce Howard Lutnick was the former chairman and chief executive officer of Cantor Fitzgerald, which leads the pack of Spac IPO bookrunners this year, underwriting around a dozen transactions. The company is now chaired by his son Brandon.

Spacs are back. What could go wrong this time?

While market participants have learned some hard lessons, the trend towards speculative crypto deals isn’t reassuring

Group CEO Sebastian Toke (left) and group chairman Jacky Choo of GCL Asia.

Singapore video game company’s Nasdaq listing values it at US$1.2 billion

Grand Centrex Limited (GCL) aims to eventually build a sizeable game studio in Singapore, capable of producing blockbusters

The de-SPAC deal offers little relief for a stalled market, as 13 other SPACs await listings amid Hong Kong's stricter rules impacting liquidity and demand.

Hong Kong’s first de-Spac listing still leaves sector in limbo

Singapore-based Synagistics went public on Oct 30 after combining with HK Acquisition, becoming the first Spac listing since Hong Kong allowed them in 2022

Sentiment today indicates more bulls in the market ahead.
COMMENTARY

Gauging sentiment is crucial, and there are hard and easy ways to do it

GLOBAL stocks’ returns of 9.5 per cent to Apr 29 alongside a 2.8 per cent rise in the Straits Times Index (STI) align with what I had envisioned in my February column – a strong 2024 for global stocks...

Lionsgate had last year agreed to spinoff its studio in a deal valued at about US$4.6 billion, including debt, to create a new public firm for its film and television assets, which include about 18,000 titles.

Lionsgate Studio raises PIPE amount to US$225 million ahead of closing SPAC deal

LIONSGATE Studio raised its private investment in public equity (PIPE) amount to US$225 million ahead of its merger with Screaming Eagle Acquisition, the special purpose-acquisition company (SPAC) fir...

Palihapitiya says SPAC slowdown separated 'wheat from chaff'

Palihapitiya says SPAC slowdown separated 'wheat from chaff'

[BENGALURU] Venture investor Chamath Palihapitiya, whose huge bets on "blank check" acquisition companies earned him the moniker of "SPAC King," said he remained bullish on the long-term health of suc...

AvePoint chief executive Jiang Tianyi believes that a Spac offers more certainty around the amount of capital raised for the company.

Spacs still have a place for fast-growing startups: AvePoint CEO 

SPECIAL purpose acquisition companies (Spacs) have gained a reputation for overvaluing hyped-up startups at the point of listing, while being rather value-destructive for shareholders who stick with t...