Vertex's Singapore SPAC offering sees strong demand, oversubscribed 36 times

Vertex's Singapore SPAC offering sees strong demand, oversubscribed 36 times

FILE PHOTO: An SGX sign is pictured at Singapore Stock Exchange July 19, 2017. REUTERS/Edgar Su

The initial public offering of Vertex Technology Acquisition Corporation (VTAC) — the blank cheque firm sponsored by Vertex Holdings — has received strong demand from institutional and retail investors, according to a statement on Wednesday.