Joanne Wong
VP, International Markets
LogRhythm
Singapore’s latest move to welcome SPAC listing holds much promise for not just the country’s equity capital market, but its tech sector as well.
The country’s status as a regional tech hub was built on the foundation of a strong legal framework, a healthy pool of digitally-skilled professionals, as well as favourable incentives from authorities such as the Economic Development Board. In fact, these were the main factors behind LogRhythm’s decision to locate its Asia-Pacific headquarters in Singapore.
With SGX’s niche SPAC offerings, Singapore now becomes more favourable as a hub for ambitious technology startups, offering entrepreneurs an additional avenue to garner funding. This comes at a critical juncture – the pandemic has catalysed and the need for digital innovation, and competition in the tech startup space is steeper than ever.