Singapore Exchange Embraces The Listing of Special Purpose Acquisition Companies (SPACs): Motivations, Advantages, and Regulations

Lerong Lu

Singapore Exchange Embraces The Listing of Special Purpose Acquisition Companies (SPACs): Motivations, Advantages, and Regulations

Lerong Lu

Laws

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Abstract

Recent years have witnessed the rapid rise of special purpose acquisition companies (SPACs) in the United States (US) and globally, as the annual amount of SPAC deals reaching $157 billion in 2020. In September 2021, Singapore Exchange decided to accept the public listing of SPACs on its mainboard, in order to strengthen the city’s status as a leading international financial centre and to accommodate the financing demand of Asia’s rising tech companies. This article first discusses the operating mechanism of SPACs, and then explains the motivations for Singapore to launch its own SPAC model. It also provides a summary of key points of Singapore’s SPAC listing framework and considers its main advantages.

Original language	English
Pages (from-to)	296-300
Journal	COMPANY LAWYER
Volume	43
Issue number	9
Publication status	Published - 2022

Keywords

Listing rules
SINGAPORE
SPAC
Special Purpose Acquisition Company
Stock exchange
financial market
Securities Regulation
Financial Law

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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AB - Recent years have witnessed the rapid rise of special purpose acquisition companies (SPACs) in the United States (US) and globally, as the annual amount of SPAC deals reaching $157 billion in 2020. In September 2021, Singapore Exchange decided to accept the public listing of SPACs on its mainboard, in order to strengthen the city’s status as a leading international financial centre and to accommodate the financing demand of Asia’s rising tech companies. This article first discusses the operating mechanism of SPACs, and then explains the motivations for Singapore to launch its own SPAC model. It also provides a summary of key points of Singapore’s SPAC listing framework and considers its main advantages.

KW - Listing rules

KW - SINGAPORE

KW - SPAC

KW - Special Purpose Acquisition Company

KW - Stock exchange

KW - financial market

KW - Securities Regulation

KW - Financial Law

M3 - Article

SN - 0144-1027

VL - 43

SP - 296

EP - 300

JO - COMPANY LAWYER

JF - COMPANY LAWYER

IS - 9

ER -

Singapore Exchange Embraces The Listing of Special Purpose Acquisition Companies (SPACs): Motivations, Advantages, and Regulations

Abstract

Keywords

UN SDGs

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