Hiroki Sugita’s comments related to Special Purpose Acquisition Companies (SPACs) in Japan were featured in an article from Mergermarket, the leading provider of M&A data and intelligence.
Hiroki pointed out that the SPAC trend is currently happening in Europe and other English-speaking countries but will probably be seen in the Japan market too. He added, “It would be good for Japanese startups which are hoping for a Nasdaq listing. However, it may not be great for Japan’s stock exchange or the country to see Japanese unicorns being bought by foreign SPACs. To prevent such phenomena, Japan will be compelled to install a SPAC listing system too.”
More of Hiroki’s comments can be found in the full article [subscription required].