SPAC

Letter from Asia: Spac gold rush lures region’s unicorns to New York

Deals offer lucrative, prestigious and convenient way to list but signs of cooling are emerging

Dear readers,

The inscription at the Statue of Liberty reads “Give me your tired, your poor, your huddled masses”. To that, Wall Street adds “and give us your Asian growth businesses seeking steep valuations”. Underlining its financial dominance of tech practically everywhere except China, the US has become the venue of choice for ambitious Asian tech groups.

The trend is epitomised in the plans of superapp Grab to join Nasdaq. This would be the world’s biggest deal involving a special purpose acquisition company (Spac). South-east Asia’s most valuable start-up hopes to list through a reverse merger with Altimeter Growth in the US.

您已阅读16%(637字),剩余84%(3455字)包含更多重要信息,订阅以继续探索完整内容,并享受更多专属服务。
版权声明:本文版权归manbetx20客户端下载 所有,未经允许任何单位或个人不得转载,复制或以任何其他方式使用本文全部或部分,侵权必究。
设置字号×
最小
较小
默认
较大
最大
分享×