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Temasek unit to supercharge anemic Singapore Exchange tech listings

As SPACs beckon, city-state unveils plan to draw likes of high-growth startups

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 will get help from government-linked sources to boost anemic technology listings as it prepares to welcome special-purpose acquisition companies (SPACs) to the stock market.

Southeast Asia's financial hub on Friday announced a concerted drive to lure the likes of high-growth startups to the SGX, which has been noted for lacking rival Hong Kong's ability to draw new-economy companies in droves to seek initial public offerings.

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