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Singapore bets on niche SPAC listings to capture tech boom
A key test for SGX will come when such companies, also known as blank-cheque or shell firms, have to seal merger targets within two years, a "de-SPACing" process already weighing on US deals as hundreds of SPACs chase targets.
Another challenge lies getting in investors interested in a new asset class, especially after it met with limited success in its previous attempts to shore up its equity market.
