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London is missing out on Europe’s record $4.4bn Spac boom

This is already the best year on record for blank cheque companies in Europe, and bankers estimate another 50 deals are in the wings

UK rules mean that Spacs listings are suspended when they find a potential acquisition target. This is out of kilter with the US and Europe
UK rules mean that Spacs listings are suspended when they find a potential acquisition target. This is out of kilter with the US and Europe Photo: Getty Images

The Wall Street boom in blank cheque companies is making its way across the pond, with annual records already smashed in the past three months as special purpose acquisition companies hit European exchanges.

So far, however, the City isn't invited.

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