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SPACs and listed plays: Investors need more than luck to back the right managers

How can one better discern the leadership team that is strategic, driven, strong on details, good in building people and possesses integrity?

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Leslie Yee

Leslie Yee

Published Tue, Mar 15, 2022 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    VERTEX Technology Acquisition Corporation (VTAC) made history as the first special purpose acquisition company (SPAC) to list on the Singapore Exchange (SGX) on Jan 20, 2022.

    The size of VTAC's public offer tranche was small - 600,000 units at the initial public offer (IPO) price of S$5 per unit. VTAC's public offer tranche drew 3,716 valid applications and was 36 times subscribed. Perhaps retail investors like Singapore's SPAC framework as well as the sponsor and management of VTAC.

    Other SPACs that have since debuted on the SGX include Pegasus Asia and Novo Tellus Alpha Acquisition.

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