Singapore Set For First SPAC Listings With Vertex, Pegasus

  • Temasek’s Vertex set to be Singapore’s first SPAC IPO
  • Tikehau’s Pegasus Asia seeking S$150 million in listing
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Singapore is about to get its first blank-check listings, as special purpose acquisition companies backed by Temasek Holdings Pte. and Tikehau Capital SCA kicked off their sales.

Vertex Technology Acquisition Corporation Ltd., sponsored by state investor Temasek’s Vertex Venture Holdings Ltd., is seeking at least S$170 million ($125 million) in its initial public offering, while Tikehau-backed Pegasus Asia could raise at least S$150 million, prospectuses filed on Thursday showed.