SINGAPORE, Jan 21 (Reuters) - A special purpose acquisition
company (SPAC), backed by European asset manager Tikehau Capital
and a holding firm of LVMH Chairman Bernard
Arnault, began trading in Singapore on Friday, becoming the
second SPAC to debut in the city-state.
Pegasus Asia, which raised S$170 million ($126
million) and plans to invest in tech-enabled sectors, traded
littled change from its offer price of S$5 per unit.
On Thursday, Vertex Technology Acquisition Corp,
a SPAC backed by Vertex Ventures - in turn owned by state
investor Temasek - became the first such structure to
list on the local bourse. Singapore Exchange aims to
become a key venue for SPAC listings.
($1 = 1.3468 Singapore dollars)
(Reporting by Anshuman Daga; Editing by Christopher Cushing)