Subscribers

Singapore's Vickers Venture Partners plans up to four more SPACs

4 -min read
Listen to this article

Singapore

VENTURE capital (VC) firm Vickers Venture Partners could launch as many as four more blank-cheque companies to ride on investor appetite for high-growth tech companies.

Vickers Vantage Corp I, the firm's first special purpose acquisition company (SPAC), raised US$138 million in an initial public offering (IPO) on Nasdaq in January. It was sponsored by Vickers' sixth fund, which has a targeted closing of US$500 million.

Vickers' founding partner and vice-chairman for Asia, Jeffrey Chi, said a successful merger for the first SPAC will help differentiate Vickers from other sponsors in a crowded market and pave the way for successful launches of future SPACs.

Subsequent SPACs will be sponsored...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Purchase this article