Mainland Chinese tech start-ups hope to tap SPAC trend to go public

//Mainland Chinese tech start-ups hope to tap SPAC trend to go public

Mainland Chinese tech start-ups hope to tap SPAC trend to go public

Tech start-ups in mainland China, including those backed by industry titans such as Legend Holdings and Baidu, are exploring options to join what has been one of the hottest capital-raising trends this year and go public via blank-cheque companies known as SPACs, according to industry players.SPACs, shorthand for special purpose acquisition companies, are drawing the attention of technology companies because the investment vehicle allows them to go public quickly with less regulatory scrutiny…

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By | 2021-05-30T02:30:05+00:00 May 30th, 2021|Business|Comments Off on Mainland Chinese tech start-ups hope to tap SPAC trend to go public