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6 Fintech & Insurtech Predictions from a Pan-European VC
It is a recurring appointment for us at BlackFin Tech to sit down, at the end of every year, to disc...
News for 2MX Organic S.A. (2MX.PA)
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neutralneutralGermany's Rocket Internet aims for SPAC in New York, sources say
German tech investment company Rocket Internet plans to list a special purpose acquisition company (SPAC) in New York to tap into investor interest in new offerings, two people close to the matter said. Rocket, led by tech entrepreneur Oliver Samwer, is preparing to list SPAC shares worth 200 million to 300 million euros ($242 million to $363 million) in a deal organised by investment bank Citi, they said, speaking on condition of anonymity. SPACs, or blank-cheque firms, typically raise money in an IPO to pursue an acquisition without telling their investors which company they will buy.- Published at
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mixedmixed‘Blank check’ investors eyeing food and beverage opportunities
KANSAS CITY — Special purpose acquisition companies (SPACs) reemerged in 2020 and are on track to remain a popular investment tool to raise capital in 2021 and beyond. The instruments are attracting investors seeking opportunities in food and beverage. SPACs are corporations designed to take companies public without going through the traditional initial public offering (IPO) process. They are created specifically to pool funds to finance a merger or acquisition opportunity within a set timeframe, usually two years. In 2020, US-based SPACs raised $82 billion, . . .