Here are some snippets from trending topics that are in the market this week.
Special purpose acquisition companies (SPACs)
We wrote on SPACs in the fourth quarter of last year as we saw them as a key trend to watch for.
These new listing vehicles could certainly liven up the trading floors for Singapore Exchange Limited (SGX: S68), or SGX.
In just the first few days of 2022, there’s already been a flurry of activity concerning SPACs.
First off, Vertex Ventures, a venture capital firm backed by investment firm Temasek Holdings, has received an eligibility-to-list for its SPAC.
The company has wasted no time in lodging a preliminary prospectus for a S$200 million SPAC named Vertex Technology Acquisition Corporation (VTAC).
VTAC will be offering 11.8 million units at an offer price of S$5 per unit.
The listing of Singapore’s very first SPAC is expected to take place on 21 January....