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Singapore SPAC Optimism Sapped by 17LIVE, Pegasus Setbacks.
In: Bloomberg.com, 2023-12-20, S. N.PAG
Online
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Zugriff:
Singapore's hopes of revitalizing its equity capital market through special purpose acquisition companies (SPACs) have been dampened by setbacks. Pegasus Asia, a blank-check company backed by Tikehau Capital and financiers in Europe, announced that it would not proceed with its planned merger due to unfavorable market conditions. This decision follows the sharp decline in shares of 17LIVE Group Ltd., a Singapore-listed SPAC, which has dropped nearly 60% since its initial trading. The underperformance of these SPACs adds pressure to Singapore's equity capital market, which has seen its lowest proceeds raised in over three decades. [Extracted from the article]
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Singapore SPAC Optimism Sapped by 17LIVE, Pegasus Setbacks.
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Autor/in / Beteiligte Person: | Pacheco, Filipe ; Mookerjee, Ishika |
Zeitschrift: | Bloomberg.com, 2023-12-20, S. N.PAG |
Veröffentlichung: | 2023 |
Medientyp: | serialPeriodical |
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