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.
This week's Product Roundup starts in Asia, where Beike has been busy... Asia: Beike launches AI homebuying assistant among...
Read More
This week's funding and investment roundup begins with a major acquisition in Asia... Asia: Lifull Connect acquires assets from...
Read More
Thailand-based marketplace and brokerage FazWaz has announced it will expand to Bali on July 1. Commenting on LinkedIn, Simo El...
Read More
Economía Digital has reported that the Spanish government is set to curate a public database of house prices. The database...
Read More
