GIC-Backed Vietnam Tech Firm Considers $3 Billion SPAC Merger
- VNG considering options including U.S. listing via SPAC merger
- Gaming company weighing Nasdaq listing since at least 2017
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Vietnam’s VNG Corp., whose investors include a unit of Singaporean sovereign wealth fund GIC Pte, is considering going public in the U.S. through a reverse merger with a blank-check company, according to people familiar with the matter.
The online gaming and technology firm is working with financial advisers to hold discussions with special purpose acquisition companies for a potential deal, the people said. A transaction could value VNG at $2 billion to $3 billion, they said, asking not to be identified because the deliberations are private.