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Significance
SPACs -- also known as ‘blank-cheque’ companies -- raise money through initial public offerings (IPOs) and then look to merge with or acquire private firms, thereby giving the latter a quicker and cheaper route to becoming public than IPOs of their own. Singapore released rules for SPAC listings last September.
Impacts
Demand from Asian investors will probably force more regulators to open their markets to SPACs in the medium term.
Tech start-ups, together with healthcare and consumer goods firms, will be key merger or acquisition targets for Asian SPACs.
US-Chinese tensions will drive many Chinese stocks listed in the United States back to Asia.
Keywords:
Asia,
Pacific,
AP,
Singapore,
China,
Hong Kong,
India,
Indonesia,
Japan,
Malaysia,
United Kingdom,
United States,
ASIA/PACIFIC,
economy,
capital flows,
corporate,
equities,
integration,
investment,
private sector,
regional,
regulation,
consumer,
health,
technology,
Capital markets
© Oxford Analytica 2022. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2022
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