Jumping on the SPAC train, blank check company, Catcha Investment, started by Malaysia’s Catcha Group, has filed to raise up to US$250 million in an IPO.
The move comes shortly after Catcha Group sold over 50% of its stake in Frontier Digital Ventures in a move to participate in the selling of short stocks.
SPACs, or special purpose acquisition companies, have been around for a while, but are just not gaining popularity as a convenient and less risky alternative to traditional IPOs. Asian companies are just now starting to delve into it, following the U.S.’s influence when it comes to utilizing the SPAC way of raising money for a proposed IPO.
Last September, the co-founder and former CEO of Zillow, Spencer Rascoff, co-started a SPAC called Supernova Partners Acquisition Company, Inc to invest in companies focused on large markets with great potential growth.
Frontier Digital Ventures (FDV) has requested a suspension of trading in its securities on the Australian Securities Exchange as it...
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Carrie Wheeler has left her role as CEO at Opendoor as the struggling iBuyer chases breakeven. Wheeler, who came in...
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REA Group has announced that CAR Group CEO Cameron McIntyre will be the Group's new CEO, effective 3 November 2025....
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This week's Roundup starts in North America with a nifty launch from Homes.com... North America: Homes.com adds 'new homes'...
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