This article only represents the author's own views.
So much for an Asian SPAC boom. The market for special purpose acquisition companies has turned out to be more of a damp squib since exchanges in Singapore and Hong Kong opened their doors to the listings.
It’s a far cry from the SPAC frenzy that arose in the United Sates in 2020 and then spread to Asia, where exchanges jostled to attract IPOs from the wave of shell companies being set up as vehicles to acquire or merge with existing firms.
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