Tikehau Capital’s SPAC raises $120m in Singapore IPO

Tikehau Capital’s SPAC raises $120m in Singapore IPO

A man checks his phone at the entrance of the Singapore Exchange Ltd. (SGX) headquarters in Singapore. Photographer: Ore Huiying/Bloomberg

Pegasus Asia, the special purpose acquisition company (SPAC) of French asset management group Tikehau Capital, has announced raising S$170 million ($120 million) in its initial public offering (IPO) in Singapore, exceeding its $110 million target.