Boosting local investments

Article by The Business Times
14 February 2022

Chuin Ting shared her views on SPACs’ impact on Singapore market and that currently SPACs mainly benefit target company founders, early investors looking for an exit windfall, and banks doing the deals. But for public investors, US SPACs have generally done worse than traditional IPOs. Chuin Ting also mentioned that the recent tech rout in the US was brutal for SPACs, demonstrating not the problem with the SPAC structure as such, but the fragility of their target businesses, which have almost invariably been pre-profit, even pre-revenue, cash-burning start-up companies.

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