Singapore’s 3rd SPAC listing – Novo Tellus Alpha Acquisition IPO

Rajah & Tann Singapore acted for Credit Suisse (Singapore) and DBS Bank, the joint issue managers, joint global coordinators, joint bookrunners, and joint underwriters in connection with the initial public offering and listing of Novo Tellus Alpha Acquisition (NTAA), a special purpose acquisition company, on the Main Board of the SGX.

NTAA is Singapore’s third listed SPAC, and had secured 13 cornerstone investors, including Affin Hwang Asset Management Berhad and Venezio Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek.

Partners Raymond Tong and Jesselyn Seet led the transaction. Partner, Chi Tern Hoon also acted for DBS Trustee Limited, the escrow agent holding the gross proceeds of the listing.