News Snapshot:
SINGAPORE — A second blank check company started trading Friday on the Singapore Exchange, a day after the listing of Vertex Technology Acquisition Corporation — the city-state's first ever SPAC . Pegasus Asia shares opened Friday at $5.01 Singapore dollars, little changed from the offer price of $5 Singapore dollars. The company raised $170 million Singapore dollars ($126.27 million) in gross proceeds from the initial public offering. It is the first Singapore-listed special purpose acquisition company with international backers — its sponsors include European asset manager Tikehau Capital and Financière Agache, a holding company of Bernard Arnault, chairman and CEO...
