Singapore SPAC Vertex Technology set for local listing on Jan 21 - source

Reuters2022-01-07

SINGAPORE (Reuters) - A Singapore special-purpose acquisition company (SPAC) backed by state investor Temasek's Vertex Venture Holdings has started the book building for its initial public offering (IPO) and is set to list in the city-state on Jan. 21, a source with knowledge of the matter said on Friday.

Vertex Technology Acquisition Corp (VTAC), a SPAC focussing on cybersecurity, fintech and other sectors, said on Thursday it aimed to raise at least about S$170 million ($125 million) by selling units at S$5 apiece.

The source declined to be identified as he was not authorised to speak to the media.

There was no immediate response to a query sent to Vertex Venture Holdings.

($1 = 1.3599 Singapore dollars)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • HengHuat
    2022-01-07
    HengHuat
    Everything is spac.. 
  • Maxangelos
    2022-01-07
    Maxangelos
    Why spac though. Something to hide?
  • JLCH
    2022-01-07
    JLCH
    yo
  • demonsg
    2022-01-07
    demonsg
    Great 👍
  • VivianChua
    2022-01-07
    VivianChua
    Expensive leh
  • demonsg
    2022-01-07
    demonsg
    Great 👍
Leave a comment
19