SINGAPORE -- Singapore and Hong Kong startups are sidestepping their home stock exchanges to merge with special purpose acquisition companies (SPACs) in the U.S., as fundraising vehicles in the Asian financial hubs have yielded little on their exit plans.
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At least nine Singapore and Hong Kong upstarts this year have announced plans to go public with SPACs listed in America. (Nikkei montage/Reuters)
Market Spotlight
Tech startups shun Singapore and Hong Kong for U.S. SPACs
Blank-check companies in Asian financial hubs show little results
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