Special-purpose acquisition companies (SPACs) have received a cooler than expected response in both Hong Kong and Singapore, with some launches from early in the year fizzling and few new applications emerging in recent months. Hong Kong, where SPACs launched in December 2021, has seen no new filings in the past two-and-a-half months. The most recent prospectus, that of TechStar Acquisition,.
It has been a slow and cautious start for SPACs that were recently launched in Hong Kong and Singapore a stark contrast to the red-hot activity that was.
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