SPAC attack: Southeast Asian unicorns ditch conventional IPOs

7 Jan 2021 Share A frenzy of SPAC mergers took place in 2020. In the coming year, blank check companies may give Southeast Asian tech companies a route to new investors. As China's digital economy matures, tech companies have provided a steady source of initial public offerings (IPOs) on US exchanges and domestic bourses in Hong Kong, Shanghai, and Shenzhen. In Southeast Asia, Sea Group's 2017 IPO on the New York Stock Exchange set an example for tech companies in the region that aspire to become publicly traded enterprises, including high-value unicorns like Indonesian travel app Traveloka, e-commerce platforms Bukalapak,…