116 views

Novo Tellus files for blank-check IPO in SGX

The SPAC size is between $200m to $250m.

Singapore buyout firm, Novo Tellus Capital Partners, has applied to list a special purpose acquisition company (SPAC) with the Singapore Exchange, reported Bloomberg.

The firm plans to raise around $200m (US$148m) through an initial public offering of the blank-check company. The initial public offering (IPO) could take place as soon as the end of 2021.

Novo Tellus would be one of the first to list a blank-check company on Singapore’s exchange, following Vertex Holdings and European asset manager Tikehau Capital. The potential IPO comes after Singapore started allowing blank-check companies to list in September.

Deliberations are still ongoing and the size and timeline of the Novo Tellus SPAC IPO could still change. Novo Tellus declined to comment.

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!