Hong Kong is exploring whether to allow Special Purpose Acquisition Companies (SPAC) to list in the Asian financial hub, according to a government statement, indicating that a largely U.S. phenomenon could be going global.
Hong Kong is exploring whether to allow Special Purpose Acquisition Companies (SPAC) to list in the Asian financial hub, according to a government statement, indicating that a largely U.S. phenomenon could be going global.
Blog
Blog
Blog
Blog
2 Mar, 2021 Author Rebecca IsjwaraXiuxi Zhu
Hong Kong and Singapore, Asia s most established financial centers, are taking very different approaches to blank-check companies, alternatives to traditional IPOs that are gathering steam in the region where takeover targets are plentiful.
Singapore Exchange Ltd. is reportedly working toward listing special purpose acquisition companies, which are skeleton organizations that launch with the intention of buying and reverse merging with a private company, as early as 2021. On the other hand, Hong Kong Exchanges & Clearing Ltd., where companies raised several times more funds from IPOs than its Singapore counterpart in 2020, is treading a cautious path.