{"id":28137,"date":"2021-03-08T09:48:18","date_gmt":"2021-03-08T01:48:18","guid":{"rendered":"https:\/\/www.iqiglobal.com\/blog\/?p=28137"},"modified":"2026-01-09T16:14:45","modified_gmt":"2026-01-09T08:14:45","slug":"revival-spacs-wall-street-listings-malaysia","status":"publish","type":"post","link":"https:\/\/iqiglobal.com\/blog\/revival-spacs-wall-street-listings-malaysia\/","title":{"rendered":"Will the revival of SPACs on Wall Street spur such listings in Malaysia?"},"content":{"rendered":"\n

Special purpose acquisition companies or SPACs have become a hot trend on Wall Street.<\/p>\n

The amount of money raised by SPACs in the past 12 months has topped US$120bil, going by Bloomberg data. The fever is spreading closer to home. Indonesia’s Gojek and Tokopedia consider floating SPACs in the US instead of taking an initial public offering route.<\/p>\n

Juwai IQI chief economist Shan Saeed says the current trend of money flowing into SPACs could be a “herd mentality” with many investors who don’t really fathom the cost structure of SPACs.<\/p>\n

He points out that while SPACs are a clever financial innovation that provides a cheaper and faster path to becoming a public company than a traditional IPO, there is a lot of misunderstanding about the economics of SPACs.<\/p>\n

“Analysis by Michael Klausner Professor of Business and Law at Stanford Law School points out that investors that hold shares at the time of a SPAC merger will see their post-merger share prices drop on the average by 33%. SPACs do not provide stability to investors’ funds in the long run. There is a dearth of audited reports, fair valuation analysis and strategic direction. Hence it is difficult to put a value on these vehicles, ” Shan says.<\/p>\n

Click here to read more.<\/a><\/strong><\/p>\n

SOURCE: The Star<\/a><\/strong><\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

Special purpose acquisition companies or SPACs have become a hot trend on Wall Street. The amount of money raised by SPACs in the past 12 months has topped US$120bil, going by Bloomberg data. The fever is spreading closer to home. Indonesia’s Gojek and Tokopedia consider floating SPACs in the US instead of taking an initial…<\/p>\n","protected":false},"author":39,"featured_media":28143,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","postBodyCss":"","postBodyMargin":[],"postBodyPadding":[],"postBodyBackground":{"backgroundType":"classic","gradient":""},"footnotes":""},"categories":[220],"tags":[444,304,374],"class_list":["post-28137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-economy","tag-malaysia","tag-press-en"],"yoast_head":"\nWill the revival of SPACs on Wall Street spur such listings in Malaysia?<\/title>\n<meta name=\"description\" content=\"Juwai IQI chief economist Shan Saeed says the current trend of money flowing into SPACs could be a \u201cherd mentality\u201d.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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