On 07 September 2021, TSMP Law Corporation joint managing partner Stefanie Yuen Thio was quoted in a law.com article that examines whether the SPACs regime Singapore adopted will benefit local lawyers.
In pushing through the latest regime ahead of Hong Kong, Singapore has also gained an edge and there is already strong interest in the new offering, she noted.
A few factors, though, may affect take-up. “A lot of US SPACs are running short of time to identify targets and complete their de-SPAC, and they have been aggressively knocking on the doors of SE Asian companies, especially Singapore ones,” she said. Other key considerations include valuations, whether local investors in the region are proficient with valuing companies in new industries such as technology, she added.