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Hong Kong, Singapore cautious on SPAC bubble

HONG KONG: Hong Kong and Singapore are trying to get in on the boom in blank-cheque company listings, while safeguarding investors from what some say is a bubble about to burst. Authorities in the Asian financial hubs are mulling tighter frameworks than in the United States for listings of special purpose acquisition companies (SPAC). The US-led dealmaking boom has raised about US$100bil (RM413bil) so far this year even though it’s now showing signs of fizzling amid increased scrutiny by regulators. “They are a bit too late to the party so it’s good that they are cautious, ” said Justin Tang, head of Asian research at United First Partners in Singapore.

SPAC bubble trouble? Hong Kong, Singapore proceed cautiously

SPAC bubble trouble? Hong Kong, Singapore proceed cautiously
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