Special purpose acquisition companies (SPACs) appear to be losing their luster in Hong Kong and Singapore, after the bloom already came off the rose in the U.S. amid expectations of stricter regulations and bearish sentiment in global financial markets.
In Depth: SPACs Appear to Lose Shine in Singapore and Hong Kong
2022年08月18日 17:53
While both Asian financial hubs expected a shot in the arm from approving ‘blank check’ companies, the reception has been lukewarm
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- On top of regulatory headwinds, SPACs are also facing increasing difficulty in identifying suitable target companies and underwhelming market performance following de-SPAC transactions. Photo: VCG
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