News

Why London ‘needs to move quickly’ to become Europe’s Spac hotspot

Amsterdam has opened up a lead as Europe's top Spacs centre, but London could soon join the fray

London has seen just one Spac IPO this year, but city lawyers saw a surge in client queries about floating special purpose acquisition companies
London has seen just one Spac IPO this year, but city lawyers saw a surge in client queries about floating special purpose acquisition companies Photo: Getty Images

London may soon get in on the Spac frenzy that has raised some $79.4bn across the globe already this year.

City lawyers are experiencing a surge of enquiries from clients, including private equity sponsors and venture capital investors, interested in floating special purpose acquisition companies in London following a proposed government-backed overhaul of UK rule on corporate listings.

WSJ Logo
U.S. Attack on Iran Injects Uncertainty Into Already Uncertain EconomyExternal link

U.S. Attack on Iran Injects Uncertainty Into Already Uncertain Economy