Pegasus Asia’s Singapore SPAC public offer subscribed 7.8 times

The SGX listed SPAC raised $23.4m from the offering.

Singapore Exchange (SGX)-listed special-purpose acquisition company (SPAC), Pegasus Asia, raised $23.4m from its public offering of 600,000 units.

It was subscribed 7.8 times.

At the close of its offer on the noon of 19 January, Pegasus Aisa received 1,108 valid applications.

“In total, these applicants applied for an aggregate of 4,684,700 Offering Units,” Pegasus Aisa said in a bourse filing.

Pegasus Asia will commence trading on a “ready” basis on the Mainboard of the SGX-ST on Friday, 21 January 2022, at 9 am.

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Pegasus Asia

Initial public offering

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