So far this quarter, 42 initial public offerings (IPOs) in Europe have raised US$8.5bil (RM35.6bil), the highest amount for a decade, but there hasn’t been special purpose acquisition company (SPAC) deal since July, according to Refinitiv data. (Overview of the Euronext stock exchange interior in Amsterdam, Netherlands - Reuters)
EUROPEAN stock market listings have come back with a bang after the summer lull but blank cheque firms are nowhere to be seen.
So far this quarter, 42 initial public offerings (IPOs) in Europe have raised US$8.5bil (RM35.6bil), the highest amount for a decade, but there hasn’t been special purpose acquisition company (SPAC) deal since July, according to Refinitiv data.
The SPAC frenzy in the United States during 2020 and the first half of 2021 was widely tipped to spill over to Europe but despite a flurry of activity before the holiday season, the market appears to have fizzled out.
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