Vibrant Tech Hub in Southeast Asia Seen as Hot SPAC Hunting Ground in 2021

Morrison & Foerster partner and global chair of the firm's private-equity group Marcia Ellis was quoted in the article "Vibrant Tech Hub in Southeast Asia Seen as Hot SPAC Hunting Ground in 2021" published by S&P Global Market Intelligence.

According to Marcia, Asia is looking to see more SPAC activity, both from Asia-headquartered SPACs listing in U.S. or Asian exchanges as well as SPACs acquiring target firms in Asia, or so-called de-SPAC-ing. "The 220 SPACs listed last year [in the U.S.] are looking around for targets. This year is definitely the year in which those de-SPAC-ing transactions have to happen. But we are also seeing more and more SPACs listed with at least 80 SPACs listed in just in January," Marcia said.

Read the full article.