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Pipeline of start-ups could drive listings in S’pore via the Spac framework
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The Spacs fever died down in 2022 and 2023 but activity appears to be picking up again in 2024.
ST PHOTO: KUA CHEE SIONG
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SINGAPORE – Initial public offerings (IPOs) have been as rare as hen’s teeth here in 2024, but they are expected to pick up a bit in 2025, including via Spac (special purpose acquisition company) listings, noted venture capitalist Michael Lints.
Mr Lints, a partner at venture capital firm Golden Gate Ventures, told The Straits Times that the IPOs in 2025 will be mainly traditional listings but Spacs will likely form a “small portion”.
