Forensic Analyst

Jason Yap, CFA

Forensic Accounting

<ul>
<li>Two special purpose acquisition companies (SPACs) commenced trading in Singapore in the past week, with a third SPAC to soon follow.</li>
<li>Vertex announced that it secured a key waiver from SGX SPAC rules prohibiting its top executives from selling shares immediately after the de-SPAC combination.</li>
<li>We examine a case for stricter adherence to SGX SPAC rules for better corporate governance and alignment of interests between sponsors and investors, with waivers granted on an exceptional basis.</li>
</ul>


Two special purpose acquisition companies (SPACs) commenced trading in Singapore in the past week, with a third SPAC to soon follow.
Vertex announced that it secured a key waiver from SGX SPAC rules prohibiting its top executives from selling shares immediately after the de-SPAC combination.
We examine a case for stricter adherence to SGX SPAC rules for better corporate governance and alignment of interests between sponsors and investors, with waivers granted on an exceptional basis.


Singapore SPAC Governance - Slow Down on the Moratorium Waivers

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>Vertex Technology Acquisition Corporation Ltd (VTAC) aims to raise around US$126m via Singapore’s first SPAC listing.</li>
<li>VTAC is sponsored by Vertex Venture Holdings (VVH), a wholly owned subsidiary of Temasek. </li>
<li>In this tear sheet, we will talk about the deal background and structure.</li>
</ul>


Vertex Technology Acquisition Corporation Ltd (VTAC) aims to raise around US$126m via Singapore’s first SPAC listing.
VTAC is sponsored by Vertex Venture Holdings (VVH), a wholly owned subsidiary of Temasek. 
In this tear sheet, we will talk about the deal background and structure.


Vertex Technology Acquisition Corporation Ltd Tear Sheet - Singapore’s First SPAC Listing

Singapore

17LIVE Group Limited operates as a live streaming company. The Company offers pure-play live-streaming platform that streams real-time user-generated videos, as well as allows streamers to interact with their audience live via live chat or games, creating high-quality content. 17LIVE Group serves customers in Asia.

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17LIVE Group (17LIVE SP)

Singapore SPAC Governance - Slow Down on the Moratorium Waivers

Vertex announced that it secured a waiver from a share sale moratorium. We examine why stricter adherence to SGX SPAC rules is necessary for better...

Jason Yap, CFA

Vertex Technology Acquisition Corporation Ltd Tear Sheet - Singapore’s First SPAC Listing

Vertex Technology Acquisition Corporation Ltd (VTAC) aims to raise around US$126m via Singapore’s first SPAC listing. VTAC is backed by Vertex,...

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)