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Duddell Street Acquisition Corp.
Duddell Street Acquisition Corp. was a Hong Kong SPAC backed by Li Ka-shing; raised $300M in 2021 IPO; dissolved in 2023 without completing a merger.
Duddell Street Acquisition Corp.
Duddell Street Acquisition Corp. was incorporated in the Cayman Islands in 2020, sponsored by entities linked to Li Ka-shing's investment network. Wealth derives from CK Hutchison Holdings and CK Asset Holdings, the publicly traded conglomerates that built Li's fortune across infrastructure, real estate, and telecoms. The SPAC raised over $300 million in its initial public offering in January 2021, with the intention of targeting technology companies in Asia or globally. Duddell Street Acquisition Corp. did not complete a business combination before its dissolution in 2023. The structure followed a pattern of SPACs backed by the family, including previous vehicles like Masthead Special Situation and VAchin Limited. Geographic focus remained Asia-Pacific, with a preference for technology and tech-enabled services. The vehicle was governed by a board of directors and management team with experience in private equity and corporate finance, many connected to Li Ka-shing's existing business ecosystem. As of 2023, nominal dissolution was announced (per SEC filings). The SPAC model itself served as an adjacent vehicle to the family's direct investment arm, Horizons Ventures. A key structural differentiator was the explicit use of a SPAC architecture—rather than private holding company or direct investment vehicle—to source and execute a technology acquisition. This allowed public-market participation while maintaining the family's control over deal flow and terms.
General information
Firm type
Asset Manager
Year founded
2020
AUM
Undisclosed
Location
Region
Asia
Country
Hong Kong
City
Hong Kong
Corporate office
Hong Kong, Hong Kong
Principals
Li Ka-shing
Sponsor representative through associated entities
Frequently asked questions
Who sponsored Duddell Street Acquisition Corp.?
The SPAC was sponsored by entities associated with Li Ka-shing, the Hong Kong billionaire behind CK Hutchison Holdings and CK Asset Holdings. The sponsorship structure aligned with the family's broader investment strategy through public vehicles.
Did Duddell Street Acquisition Corp. complete a merger?
No. The SPAC dissolved in 2023 without completing a business combination. Proceeds from the IPO were returned to shareholders per SEC filings.
What industries formed Duddell Street Acquisition Corp.'s focus?
The SPAC targeted technology and technology-enabled businesses operating in Asia or globally. The focus mirrored the broader investment preferences of Li Ka-shing's Horizons Ventures, which backs tech startups globally (public record).
How does Duddell Street Acquisition Corp. relate to Li Ka-shing's other entities?
It was a vehicle sponsored by Li Ka-shing's network, distinct from the conglomerate CK Hutchison and the venture arm Horizons Ventures. The SPAC structure operated as a separate legal entity in Cayman Islands, overseen by a board experienced in corporate finance.
What was the IPO size and timeline for Duddell Street Acquisition Corp.?
The SPAC raised approximately $300 million in its initial public offering in January 2021. The vehicle was active until dissolution in 2023, during which it engaged in merger discussions across the tech sector.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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