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Mileage Communications Co-organises Hong Kong’s Inaugural Virtual Investment Conference

Mileage Communications Co-organises Hong Kong’s Inaugural Virtual Investment Conference

Last week, Mileage Communications had the privilege of co-organising a virtual investment conference, ‘Invest For A Better World With Innovation—From SPAC to Metaverse’ alongside Hong Kong PR partner, strategy-based consulting company LBS Communications Consulting Limited and New Vision Asset Management. (LBS Communications and Mileage Communications are both members of the Public Relations Global Network)

Over 20 industry leaders and professional institutional investors analysed the listing overview and options of Special Purpose Acquisition Companies (SPACs) in the United States, Hong Kong, and Singapore, and explored the winning strategy of digital asset investment in Metaverse via a virtual forum and exhibition booths.

Tailored to both investors looking to invest and entrepreneurs seeking funding, the one-day event attracted over 300 viewers in total. More than 200 participants were present at the AM session on SPACs, while over 100 followed the PM session on Metaverse.

Mileage invited Mr. Robson Lee, a partner in Gibson Dunn’s Singapore office and a member of the firm’s Mergers & Acquisitions (M&A) and Capital Markets Practice Groups, to speak on SPACs. A key speaker at the session, Mr. Lee has more than 25 years of experience in M&A, corporate finance and capital markets.

Mr. Robson Lee analysing the listing overview of SPACs in Singapore

The conference comes at the time of the listing of three SPACs on the Singapore Exchange (SGX) mainboard this month. Singapore’s first listed SPAC, Vertex Technology Acquisition Corporation, made its trading debut on the day of the conference, while the second, Pegasus Asia, did so a day after the conference. The third SPAC, Novo Tellus Alpha Acquisition, is set to start trading on 27 January 2022.

2021 set a record pace for SPACs, with a total of US$145 billion raised from 613 SPACs listings, an increase of 91% from the amount raised in 2020. With investments in SPACs becoming a burgeoning trend for 2022 and the years to come, Mileage is honoured to have been involved in this educational conference which better prepares investors and entrepreneurs for this phenomenon.

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