Home 2020 SPACs Search for Asian ‘Unicorns’

SPACs Search for Asian ‘Unicorns’

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#SPACs #Asia #Unicorn

The Hot fundraising ticket on Wall Street this year will soon take hold in Asia, as SPACs (special purpose acquisition companies), hunt for fast-growing tech firms that are ready to go public.

SPACs are exchange-listed shell companies that raise money through initial IPOs (public offerings) and merge with firms by offering shorter listing timeframes.

They have raised more than $70-B (record amount) in the US this yr, making them 1 of the hottest Wall Street investment trends of Y 2020.

A large number of IPO-ready tech Unicorns in Asia are likely to rev up the action.

SPACs are being discussed with investments banker is Southeast Asia because of the number of high-growth tech, healthcare and fintech focused companies.

In Asia the IPO market is much bigger, so we expect to see SPACs coming out in Y 2021. Stay tuned…

Have a healthy Happy Christmas Holiday Week, Keep the Faith!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.