Vertex, Tikehau & Novo Tellus to kick off first wave of SPAC listings on SGX by end-Jan

Singapore Exchange REUTERS/Edgar Su

The Singapore Stock Exchange is preparing for the first set of Special Purpose Acquisition Company (SPAC) listings with three candidates filing their prospectuses within hours of each other.

Vertex Holdings and Tikehau Capital submitted their final documents, while Novo Tellus formally announced its S$150 million SPAC bid in a preliminary prospectus on Thursday. Notwithstanding any delays, SGX is poised to become the first major Asian exchange to host SPAC listings by the end of this month.

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