On Dec 8, 17Live became the first live-streaming platform to trade on SGX. As it turned out, investors were not too keen about the stock, sending it down by nearly a fifth to close its first trading day at $3.15 and down by another 15.6% on Dec 11 after the weekend.
This year saw Singapore’s first special purpose acquisition company (spac) complete its journey from a blank cheque company to its de-spac and eventual listing after acquiring a business.
Vertex Technology Acquisition Corporation (VTAC), the blank cheque company belonging to Vertex Holdings, was the first to list on the Singapore Exchange (SGX:S68
) (SGX) on Jan 20, 2022. VTAC was also the first to de-spac after it acquired 17Live, a live-streaming platform with a presence in Japan and Taiwan.
