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5 things to note about Spacs
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Like any new stock market investment, Spacs come with risks and retail investors will need to understand how they work.
PHOTO: BT FILE
David Gerald
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Any time over the next few weeks, the first special purpose acquisition company or Spac is expected to list on the Singapore Exchange (SGX).
This was recently disclosed by SGX chief executive officer Loh Boon Chye and comes after the SGX introduced new rules in September to enable the listing of this new type of initial public offering (IPO).
