RTR: Bankers say all aboard for great Asia SPAC merger lift-off

REUTERS reports:
Asia’s bankers say they expect the hottest trend in global deal-making, IPOs for special-purpose acquisition vehicles (SPAC), to rocket in the region this year from small beginnings, fuelled by well-resourced investors including private equity firms.
Globally, SPACs raised $92 billion from IPOs in first-quarter 2021, according to Refinitiv data, already surpassing all of 2020. SPAC mergers – when the blank check firm uses IPO funds to merge with a target …

The post RTR: Bankers say all aboard for great Asia SPAC merger lift-off appeared first on The Loadstar.

Source: The Loadstar

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