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2021-07-07

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2021-07-07

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Novo Tellus Capital Mulls Joining Singapore SPAC Race

2021-07-07

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The company is awaiting official exchange guidelines before making a final decision, the people said.\nNovo Tellus would join Vertex Holdings Ltd., a unit ofTemasek Holdings Pte, in seeking to be among the first to launch a blank-check company in the city-state, Bloomberg Newsreportedthis week. A SPAC-driven surge in listings would benefit Singapore’s exchange, which has seen just three IPOs this year, raising $242 million in total, according to data compiled by Bloomberg.\nDeliberations are ongoing and the firm may decide not to proceed with the vehicle, the people said. A representative for Novo Tellus declined to comment.\nSingapore’s exchangeconsultedthe market on a framework for SPAC listings earlier this year. 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