Market View: Vertex SPAC issues new shares to Pipe Investors; Investment in thematic funds; OpenAI investors reportedly exploring legal recourse against board, board reportedly wanted to merge Anthropic with OpenAI; Fed minutes, Thomas Barkin’s comments on inflation

Your Way Home with Hongbin Jeong · Nov 21, 2023 · 9m

Singapore stocks opened slightly weaker today as banks and index counters started the morning mixed. In early trade, the Straits Times Index headed down 0.1 per cent to 3,109.81 points after 62.6 million securities changed hands in the broader market. In terms of companies to watch, Vertex Technology Acquisition Corporation announced today that it will issue 600,000 new shares at S$5 apiece to private investment in public equity (Pipe) investors to raise some S$3 million in gross proceeds. Elsewhere from OpenAI investors considering suing its board to investors in thematic funds losing over…