Spacs jump-start in Asia after US boom sparks overseas interest

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Spacs jump-start in Asia after US boom sparks overseas interest

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Thiel Capital, the investment firm of billionaire venture capitalist Peter Thiel, this week launched its second southeast Asia special purpose acquisition company (Spac) in less than four months. The deal marks a coming trend in Asia-focused ‘blank cheque companies’, say bankers. Jonathan Breen reports.

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