Asia looks towards US SPACs

Author: EIS Release Date: Dec 1, 2022

Singapore and Hong Kong startups are going for US SPACS as their preferred route to IPO rather than using their hone markets, according to Refinitiv.

 

At least nine Singapore and Hong Kong companies this year have announced plans to go public with SPACs listed in the U.S, says Refinitiv.

 

The minimum market capitalisation in the U.S. for SPACs is lower than in Hong Kong and Singapore.

 

The minimum requirement is $127 million for Hong Kong SPACs and $106 million for Singapore, compared with a minimum of $50 million for a Nasdaq listing and $100 million for a NYSE listing in U.S.