Temasek-owned Vertex Holdings has filed for a $200 million SPAC IPO on the SGX, according to International Financing Review.
Vertex is a venture capital investment holding company and now runs six funds. It has a total of more than US$5 billion in assets under management and has stakes in 200 plus companies.
Separately, Bloomberg reported that Novo Tellus Capital Partners has also filed its SPAC IPO with a size ranging between $200 million and $250 million.
On Sept 2, following SGX's implementation of the new SPAC framework, Loke Wai San, told The Edge Singapore: "We are definitely interested and considering. We will be working on it as soon as we can."
Novo Tellus is known for investing in local tech companies such as AEM Holdings, Grand Venture Technology and ISDN Holdings.
See: Temasek's Vertex weighs Singapore’s first SPAC listing
See also: Hong Kong's first de-spac listing still leaves sector in limbo
Vertex and Novo Tellus' reported filings of their SPAC IPOs follows last week’ filing by Tikehau Capital. A fourth entity, Tumeric Capital, is reportedly keen on a SPAC listing in Singapore too, following the implementation of a framework making it more conducive to do so.
