Drew Bernstein, Co-Chair, MBP, explained to South China Morning Post (SCMP) that the U.S. market remains the gold standard for companies that want to be public.
South China Morning Post
By Jody Xu Klein
“Despite political pressures, there is a clear appetite among both U.S. and Asian investors to get deals done. In fact, U.S. investors are courting Asian companies in order to compete as the SPAC sponsor or IPO underwriter. Investors are traveling far and wide to search for deals today. Southeast Asia is set to become the next frontier for the SPAC market, given the focus on innovative tech companies and the number of SPACs that need targets. Of the more than 700 unicorns worldwide, half come from Asia with only more to come.”