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
(Bloomberg) Hong Kong is finally joining the SPAC bandwagon, and a slew of influential personalities have lined up to lend credibility to the city’s inaugural offerings from an Olympic medalist to political power brokers and a sofa tycoon.
New listing rules are paving the way for plenty of SPAC activity in Hong Kong and Singapore in the coming months. With Singapore already seeing its first SPAC IPOs, and Hong Kong recently approving a listing framework of its own, offshore law firms are gearing up to take advantage of this nascent opportunity.