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Benzinga
Benzinga
World
The Bamboo Works

Hong Kong SPAC Market Wilts as Global Fever Ebbs

SPAC SPACs Hong Kong Ken Lo United States Kenny Wen Singapore Hong Kong Stock Exchange

Key Takeaways:

  • Only three Hong Kong SPACs have listed since the city launched a local program early this year, and all now trade below their listing prices
  • U.S. SPACs have raised $12.5 billion so far this year, less than 10% of what they raised in 2021, as the global SPAC market cools
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