The launch of special purpose acquisition company (Spac) listings in Singapore, which has been eagerly anticipated since the Singapore Exchange introduced favourable framework in September, may only take place in 2022.
A number of Spac listing aspirants had submitted their applications. The Edge Singapore understands that the lodging of the preliminary prospectuses may only happen in the new year.
A Dec 2 report by Bloomberg said European asset manager Tikehau Capital and Temasek’s venture capital arm Vertex Holdings are likely to lodge their preliminary prospectuses “as soon as next week.”
Other parties that were reported to be interested in setting up a SPAC in Singapore include private equity firm Turmeric Capital and buyout firm Novo Tellus Capital Partners. The latter was said to have applied for a SPAC listing early last month.
The Edge Singapore has reached out to Vertex Holdings, Tikehau Capital, Turmeric Capital and Novo Tellus Capital Partners for comments.