Singapore Exchange (SGX) is pleased to welcome the listing of Novo Tellus Alpha Acquisition (NTAA), as part of SGX’s first batch of Special Purpose Acquisition Company (SPAC) listings. NTAA will be listed on the SGX Mainboard under the stock code “NTU”.
NTAA is backed by a Sponsor Group, including leading private equity fund Novo Tellus PE Fund 2, L.P., which has a clear and established track record of successful investments in technology and industrials companies. The Sponsor Group also has engineering and operating skillsets and expertise to work closely alongside management teams. With deep sector insights, it leverages on its proprietary network of sector relationships to identify deal opportunities in the region.
NTAA will target companies in the technology and industrials sectors in the Indo-Pacific region. They will focus on critical technology and macro-growth shifts with multi-year tailwinds. This includes Industry 4.0, next-generation semiconductors, cloud and edge computing, artificial intelligence, medical life sciences and supply chain resiliency for advanced engineering.
Loke Wai San, Executive Chairman and CEO, Novo Tellus Alpha Acquisition, said, “We are grateful for the strong support from our cornerstone, institutional and retail investors for Novo Tellus Alpha Acquisition’s initial public offering. This is testament to Novo Tellus’ strong track record on the SGX securities market, which is underpinned by an ethos of doing right by all stakeholders, and investing only in quality companies where we know we can build value. We look forward to doing the same with our SPAC investors.”
Pol de Win, Senior Managing Director, Head of Global Sales and Origination, SGX, said, “We are delighted to welcome Novo Tellus Alpha Acquisition to our new SPAC family. With years of experience investing successfully in technology and industrials companies, the Sponsor Group has generated strong equity growth and returns on SGX over the last decade via its investments in SGX-listed companies such as AEM Holdings, Grand Venture Technology and ISDN Holdings. The Sponsor Group’s established track record and reputation for building equity value and long-term, institutional investor support for its portfolio companies provide investors with confidence in this SPAC offering.”
Novo Tellus Alpha Acquisition opened at S$5.00 today.
