Weekly e-Briefing 8. Progress Report on SPAC

Standard

Progress Report on SPAC

Cho In-Kang, the Director General of FSC’s Capital Markets Bureau elaborated on recent market developments of SPACs. As of now, seven SPACs got legal entities, and four of them already submitted their applications for public offering and began raising funds.  Last Tuesday, Korea’s first SPAC completed its public offering. Reflecting an extraordinary interest from the market, SPAC raked 87 times more money over original offering size. With this decent start, more SPACs are expected to go public, creating a robust market for SPACs.  Please visit http://www.fsc.go.kr/eng/index.jsp for more details.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s