Proof of SPACs will be in their buying
There is reason to hope that SPACs will take off successfully here, which will give investors something new to consider
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The phrase "blank cheque" conjures up the image of a recipient who is granted carte blanche to do as he wishes, often in a capricious manner that ends badly for all.
So should investors be wary when it comes to investing in a special purpose acquisition company (SPAC), which is also known as "blank cheque" company?
SPAC listings have attracted much interest in the US due to their speed to market and ability to offer price certainty in valuing target companies. Such companies could make their debut in Singapore soon.
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