The new rules come more than a decade after Singapore first considered greenlighting SPAC initial public offerings, but shelved the plan following a public consultation. Photo: EPA The new rules come more than a decade after Singapore first considered greenlighting SPAC initial public offerings, but shelved the plan following a public consultation. Photo: EPA
The new rules come more than a decade after Singapore first considered greenlighting SPAC initial public offerings, but shelved the plan following a public consultation. Photo: EPA

Singapore to let blank cheque companies raise funds starting on September 3, beating Hong Kong to the punch with SPACs

  • Blank-cheque companies will be required to have a market cap of US$112 million, while sponsors will have to hold shares for longer
  • Hong Kong’s stock exchange also considering rule changes to allow SPACs to list

Topic |   Banking & Finance
The new rules come more than a decade after Singapore first considered greenlighting SPAC initial public offerings, but shelved the plan following a public consultation. Photo: EPA The new rules come more than a decade after Singapore first considered greenlighting SPAC initial public offerings, but shelved the plan following a public consultation. Photo: EPA
The new rules come more than a decade after Singapore first considered greenlighting SPAC initial public offerings, but shelved the plan following a public consultation. Photo: EPA
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