Richard Li in talks to raise funds for his fourth Bridgetown SPAC as Asian investors keep piling into blank-cheque companies

//Richard Li in talks to raise funds for his fourth Bridgetown SPAC as Asian investors keep piling into blank-cheque companies

Richard Li in talks to raise funds for his fourth Bridgetown SPAC as Asian investors keep piling into blank-cheque companies

Hong Kong billionaire Richard Li Tzar-kai is in the early stages of setting up his fourth special purpose acquisition company (SPAC) as more Asian-based entrepreneurs chase one of the hottest deal making trends this year, according to people familiar with the talks.The talks for Li’s latest SPAC are in very preliminary stages and there is no fundraising target set, they said. Under the Bridgetown Holding brand, Li has raised more than US$1 billion from three SPACs over eight months.Li, the…

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By | 2021-05-28T12:00:08+00:00 May 28th, 2021|Business|Comments Off on Richard Li in talks to raise funds for his fourth Bridgetown SPAC as Asian investors keep piling into blank-cheque companies