The Latest SPAC News and Rumors: December 3, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: VinaCapital weighs Singapore SPAC IPO and Grab slumps more than 20%
Vietnam’s VinaCapital Weighing Singapore SPAC IPO Next Year
VinaCapital, a Vietnamese asset manager, is exploring setting up a blank-check company to list in Singapore next year.
The investment firm is working with an adviser on a potential IPO that could raise as much as S$250 million ($183 million). The company has held discussions with the regulator on the prospective offering.
READSoutheast Asia’s Grab Slumps in U.S. Debut After Record SPAC Deal
Shares in Grab (NASDAQ:GRAB), Southeast Asia’s biggest ride-hailing and delivery firm, slid more than 20% in their Nasdaq debut on Thursday following the company’s record $40 billion merger with a blank-check company.
Grab’s shares rose as much as 21% minutes after the listing before retreating to trade 23% lower at $8.51. The stock closed at $8.75 yesterday.
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