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

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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...

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