Jumping on the SPAC train, blank check company, Catcha Investment, started by Malaysia’s Catcha Group, has filed to raise up to US$250 million in an IPO.
The move comes shortly after Catcha Group sold over 50% of its stake in Frontier Digital Ventures in a move to participate in the selling of short stocks.
SPACs, or special purpose acquisition companies, have been around for a while, but are just not gaining popularity as a convenient and less risky alternative to traditional IPOs. Asian companies are just now starting to delve into it, following the U.S.’s influence when it comes to utilizing the SPAC way of raising money for a proposed IPO.
Last September, the co-founder and former CEO of Zillow, Spencer Rascoff, co-started a SPAC called Supernova Partners Acquisition Company, Inc to invest in companies focused on large markets with great potential growth.
The AVIV Group closed two acquisitions in Germany this month, taking a majority stake in the portals Nutzungsdauer.com and Kaufpreis-Aufteilung.com....
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Houseful, the umbrella company of British number two portal Zoopla, has spun off Alto Software Group (ASG) into a standalone...
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The Indian real estate platform operator Square Yards saw 45% year-on-year revenue growth and a return to profitability in the...
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This week's product roundup starts in Russia, where another portal is pushing its pre-market offering... Europe: Yandex updates its...
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