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SPACs offer hope for reviving Singapore’s flagging IPO market

  • As of Friday, special purpose acquisition companies can list on the Singapore Exchange's (SGX) mainboard.
  • Singapore's benchmark index has traditionally been dominated by finance and property names.
  • But the exchange has set its sights on drawing tech companies, and it thinks that SPACs will be a good way to do so.
  • SPACs could provide a much-needed injection of fresh enthusiasm for Singapore's IPO market, which has been stagnant for years.

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