# Duddell Street Acquisition Corp.

Duddell Street Acquisition Corp. is an Asset Manager based in Hong Kong, Hong Kong.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Hong Kong, Hong Kong
- **Region:** Asia
- **Address:** Hong Kong, Hong Kong
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** www.dsac.co

## Regulatory record

- **Reports private funds:** No

## About

Duddell Street Acquisition Corp. was incorporated in the Cayman Islands in 2020, sponsored by entities linked to Li Ka-shing's investment network. 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.

## People

- Li Ka-shing — Sponsor representative through associated entities

## 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.

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Updated: 2026-08-10T15:58:45.833Z

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