Special Purpose Acquisition Company (SPAC)

Singapore-based Aura Private Equity acquires majority stake in Australian Vaccine Services - THE EDGE SINGAPORE

M&A

Singapore-based Aura Private Equity acquires majority stake in Australian Vaccine Services

Aura Private Equity is typically seen writing cheques of around US$10 million ($13.7 million) for its acquisitions.
Tikehau Capital submits application to SGX for SPAC IPO - THE EDGE SINGAPORE

SPACs

Tikehau Capital submits application to SGX for SPAC IPO

It is likely to be the first of such applications in Singapore

Company in the news

Grab lowers estimates for full-year adjusted net sales and GMV due to continuing spread of Covid-19

Grab says it expects full-year adjusted net sales of US$2.1 billion to US$2.2 billion from US$2.3 billion previously.

Singapore economy

SPACs expected to help Singapore revive dry IPO spell

SGX has hosted just three IPOs this year.

Company in the news

FATP’s self-styled ‘Jobs’ and ‘Woz’ pursues US SPAC listing

Asked if Andrada and Lo had considered waiting for SPAC listings to be allowed here, they said they “haven’t really looked at it".

Global review

The secret life of SPACs

SPACs are sweeping the world. In 2021 alone, almost US$100 billion have been raised by SPACs.

IPO

Grab considering secondary Singapore listing after US SPAC merger: sources

It wasn't clear how much Grab might aim to raise in any secondary listing, sources said.
Grab to list in New York in largest SPAC merger; listing to value Grab at US$35 bil - THE EDGE SINGAPORE

IPO

Grab to list in New York in largest SPAC merger; listing to value Grab at US$35 bil

Grab founder Anthony Tan will own about 2% of the listed entity.
Hong Kong, Singapore mulling tighter frameworks for SPAC amid bubble fears - THE EDGE SINGAPORE

Global Economy

Hong Kong, Singapore mulling tighter frameworks for SPAC amid bubble fears

he US-led dealmaking boom has raised about US$100 billion ($134 billion) so far this year.

M&A

Grab in advanced talks to merge with Altimeter's first SPAC

The deal could value the Southeast Asian ride-hailing giant at about US$40 billion ($53.6 billion).
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