Spacs recover momentum, but lose some of their shine

There were around a record 650 Spac listings globally this year.
There were around a record 650 Spac listings globally this year. PHOTO: BT FILE
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SINGAPORE - A financial creature that muscled into markets late last year really came into its own this year and upended many of the time-honoured processes of company listings.

Spacs, or special purpose acquisition companies, were largely unknown 18 months ago but are now the talk of many a financial centre, Singapore included.

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