SGX may see tech bias as new SPAC listings get on board

SGX may see tech bias as new SPAC listings get on board

A logo of the Singapore Stock Exchange (SGX) is pictured outside its premises in the financial district of Singapore April 23, 2014. REUTERS/Edgar Su/Files

As the Singapore stock exchange (SGX) pushes its own brand of special purpose acquisition companies (SPACs), the bourse may be in for a change in profile with regional tech upstarts exploring avenues to raise capital from public markets.

The SGX has not placed a firm number on the SPACs it wants to launch this year, but sources tell DealStreetAsia it could be as many as 10, including the first three that debuted last month sponsored by Vertex Holdings, Tikehau Capital and Novo Tellus. 

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