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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
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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.

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