SPAC Bubble Fears Lead Hong Kong, Singapore Down Cautious Path
Photographer: Anthony Wallace/AFP/Getty Images
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Hong Kong and Singapore are trying to get in on the boom in blank check company listings, while safeguarding investors from what some say is a bubble about to burst.
Authorities in the Asian financial hubs are mulling tighter frameworks than in the U.S. for listings of special purpose acquisition companies. The U.S.-led dealmaking boom has raised about $100 billion so far this year even though it’s now showing signs of fizzling amid increased scrutiny by regulators.