Home News SPACs

Vertex's spac IPO 36 times subscribed

Khairani Afifi Noordin
Khairani Afifi Noordin1/19/2022 8:21 PM GMT+08  • 2 min read
Vertex's spac IPO 36 times subscribed
Singapore’s first spac VTAC has seen its public offer of 600,000 units 36 times subscribed
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Singapore’s first spac Vertex Technology Acquisition Corporation (VTAC) has seen its public offer of 600,000 units 36 times subscribed as balloting closed on Jan 18.

In an announcement, the spac said its international placement of 11.2 million units to institutional and other investors in Singapore, foreign institutional and selected investors outside the US was 8.8 times subscribed.

The offering price for each unit is $5, comprising one ordinary share and 0.3 warrant share, with an additional right to 0.2 of one warrant per share.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.