Posts
September 20 2021
Malaysia to Review SPACs Rules to Profit From Blockbuster Deals
Malaysia is reviewing its framework for special purpose acquisition companies, or SPACs, amid a surge in demand for such fundraising vehicles globally, according to the nation’s markets regulator.
www.bloomberg.com
September 20 2021
Hong Kong Seen Struggling to Lure SPACs With Strict Rulebook
Hong Kong could have a hard time attracting blank check companies after it proposed a high threshold to list in the city. In a consultation paper released on Friday, Hong Kong Exchanges & Clearing Ltd. proposed that special purpose acquisition companies would need to raise at least HK$1 billion ($128 million) when listing and that retail investors would be barred from participating.
www.bloomberg.com
September 20 2021
Two years after its IPO fail, WeWork will go public
Google the phrase “WeWork going public” and among the questions that pop up are: “When did WeWork go public?” The answer is, it never really did. But late next month, retail investors will finally have the chance to own a piece of the co-working giant.
www.therealdeal.com
September 08 2021
Scion of Billionaire Family Says SPAC Mergers Are Here to Stay
Gaurav Burman, who hails from a billionaire Indian consumer-goods family, says the boom in blank-check company mergers may have eased, but don’t expect SPACs to go away.
www.bloomberg.com
September 06 2021
Tikehau Capital Joins Race for Singapore’s First SPAC
Investment manager Tikehau Capital SCA is planning to raise as much as S$300 million ($223 million) by listing a special purpose acquisition company in Singapore, according to people familiar with the matter, joining firms jostling to take advantage of the city-state’s new listing framework
www.bloomberg.com
September 04 2021
SPACs Expected to Help Singapore Break Driest IPO Spell in Years
Blank-check companies could revive Singapore’s languishing market for initial public offerings as stock exchanges from Mumbai to Seoul profit from blockbuster deals.
www.bloomberg.com
August 31 2021
Vice Media had for months been discussing going public via a number of SPACs yet today The Information reported that it had raised $85M (mostly from existing shareholders) and has tabled SPAC talks. Another blow for a SPAC market that seems to be taking punches from all sides recently.
www.thestreet.com
August 27 2021
49 Law Firms Unite and Push Back on Recent SPAC Litigation
In response to the recent PR machine from former SEC commissioner and current NYU Law professor Robert Jackson and Yale Law School professor John Morley, which have put out multiple statements in the press noting they intend to litigate SPACs for Investment Company Act of 1940 issues, an astonishing49 law firms have coalesced to release a response to these allegations.
www.spacinsider.com