Carte blanche

29 December 2020 By Christopher Thompson Follow @CGAThompson

Such listings have been big in America but rare across the pond, where they have a bad rap. But a dearth of typical IPOs will keep investors keen. French rainmakers Xavier Niel and Matthieu Pigasse have broken the ice. Andrea Orcel, Ivan Glasenberg and others should take note.

This content is for Subscribers only

Context News

2MX Organic, the Paris-listed special purpose acquisition company led by French telecoms magnate Xavier Niel and banker Matthieu Pigasse, said it had raised 300 million euros for acquisitions among environmentally responsible consumer goods companies, according to a statement on Dec. 7.

While $63 billion has been raised through 190 SPAC listings in the United States this year, according to Refinitiv data, the only other attempt at a major European deal - Martin Franklin's $750 million The Harvester Holdings - was cancelled due to a lack of demand.

European bankers are working on 10 separate listings of SPACs, according to a Reuters report on Dec. 4 citing anonymous sources.

Email a friend

Please complete the form below.

Required fields *