First SPAC in Scandinavia Has Institutional Funds Piling In
This article is for subscribers only.
Scandinavia’s first special purpose acquisition company was “considerably oversubscribed,” as institutional investors lined up to commit funds to the blank check vehicle.
ACQ, a SPAC created by Swedish investment firm Bure Equity AB, started trading on Thursday. The subscription price of 100 kronor a share was quickly topped when the market opened, with ACQ Bure AB jumping as much as 9%.