Singapore’s public listed market is entering a new era. On Jan 13, the Singapore Exchange (SGX) saw the launch of its first special purpose acquisition company (spac) listing by Vertex Technology Acquisition Corp (VTAC).
Given how two other spacs are being launched around the same time, VTAC says it is differentiated by its sponsor, Vertex Ventures, a leading global venture capital firm based in Singapore with a global network of venture capital funds in key innovation markets and ecosystems, comprising an active portfolio of over 200 companies with assets under management of over US$5.1 billion ($6.86 billion). Vertex is an indirect wholly-owned subsidiary of Temasek Holdings.
“We believe that through VTAC, the full potential of technology investment in transformational and fast-growing businesses can now be unlocked for public market investors,” says chairman of VTAC and CEO of Vertex Holdings Chua Kee Lock (main image).