HK, Singapore Investors Tread Carefully on SPAC Listings – Nikkei

The race between Singapore and Hong Kong to attract special-purpose acquisition companies (SPACs) is off to a cautious start, damping hopes the phenomenon could quickly produce a juicy revenue stream for Asia’s top stock exchanges, Nikkei reported.

The two exchanges spent last year preparing new rules to encourage SPAC listings after seeing hundreds of such flotations in the US and worrying that Asian companies would be lured away to list in New York.

Read the full report: Nikkei Asia

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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