ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Markets

Singapore Exchange cuts required SPAC market cap by 50% to $112m

Such entities must merge with targets within 24 months under new framework

The Singapore Exchange cut the required market cap for SPACs by half after consultation revealed that stakeholders found the previous level prohibitively high.   © Reuters

SINGAPORE -- The Singapore Exchange is cutting by half the minimum market capitalization required of special purpose acquisition companies, or SPACs, to list on the bourse, responding to concerns that the previous level was too high.

SGX on Thursday announced SPACs must list with a minimum market cap of $150 million Singapore dollars ($111.6 million), half the level it suggested in March, after months of mulling over market feedback.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more