SPAC boom prompts Asian stock markets to upgrade user experience

Homegrown unicorns look to US for listing as opposed to domestic exchanges

20210421 SPACS

The Nasdaq market continues to attract SPACs looking to go public.

KEN KOYANAGI, Senior Nikkei staff writer

TOKYO -- This year has seen a boom of special purpose acquisition companies, or SPACs, as vehicles for listing quickly on the U.S. stock market, which is even hotter than last year. But the explosion is reverberating in unexpected ways on the other side of the globe, namely in Southeast Asian and Indian capital markets.

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