SPACs have become mainstream in the last couple of years and has been one of the ways start-ups tap the public stock markets without having to go through the expensive and complicated traditional listing procedures.
SPACs have been pretty much limited to the US exchanges but it looks like even some of the more conservative exchanges are warming up to them.
Here's a news article from Singapore with their local SGX going to allow the listing of SPACs locally. That's massive given how local startups have been listing on the US instead.
Hong Kong can tap the Chinese investors without having to go to the US but for Singapore, with no big hinterland, they are forced to head to the US for funding.
The SGX is itself a listed company and has seen a 50% run up in the last year. With SPACs now coming, I think another 50% higher i not out of the question.
