|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||102.85 - 104.68|
|52-week range||97.51 - 133.13|
|Beta (5Y monthly)||0.26|
|PE ratio (TTM)||22.48|
|Forward dividend & yield||3.55 (3.35%)|
|Ex-dividend date||05 Nov 2021|
|1y target est||N/A|
A special purpose acquisition company (SPAC), backed by European asset manager Tikehau Capital and a holding firm of LVMH Chairman Bernard Arnault, became the second SPAC to list in Singapore on Friday as Asia investors warm to blank check firms. The twin listings also mark the first major debut of such vehicles in Asia since a SPAC frenzy in the United States in early 2021 prior to regulatory changes and some poor returns that dampened investor sentiment.
A special purpose acquisition company (SPAC), backed by European asset manager Tikehau Capital and a holding firm of LVMH Chairman Bernard Arnault, began trading in Singapore on Friday, becoming the second SPAC to debut in the city-state. The twin listings also mark the first major debut of such vehicles in Asia since a SPAC frenzy in the United States in early 2021 prior to regulatory change there dampening investor sentiment. On Thursday, Vertex Technology Acquisition Corp, a SPAC backed by Vertex Ventures - in turn owned by state investor Temasek - became the first such structure to list on the local bourse.
A small blank-check firm backed by state investor Temasek made its Singapore debut on Thursday, marking the first such local listing as Singapore steps up a drive to emerge as a key venue for listings of this type. This came four months after Singapore Exchange allowed special purpose acquisition companies (SPACs) or shell firms to list, easing proposed rules in response to market feedback.