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Vietnam’s VinaCapital Weighing Singapore SPAC IPO Next Year

  • Asset manager working with an adviser on potential offering
  • Seeks to raise up to $183 million from first-time share sale

VinaCapital, a Vietnamese asset manager, is exploring setting up a blank-check company to list in Singapore next year, people with knowledge of the matter said.

The investment firm is working with an adviser on a potential initial public offering that could raise as much as S$250 million ($183 million), said the people, who asked not to be identified as the information is private. The company has held discussions with the regulator on the prospective offering, the people said.