Singapore’s Novo Tellus Capital Partners has received permission from the city’s stock exchange to list its blank-check company, according to people with knowledge of the matter.
The buyout firm got the eligibility-to-list letter last month for its special purpose acquisition company, or SPAC, the people said, asking not to be identified as the information is private. Novo Tellus Acquisition Corp. plans to raise $150 million to $200 million from an initial public offering, the people said.
The firm aims to file its preliminary prospectus this month, they said. Deliberations are still ongoing and the timing and details could change, the people said. Representatives for Singapore Exchange Ltd. and Novo Tellus declined to comment.