First SPAC in Scandinavia has institutional funds piling in

Scandinavia's first special purpose acquisition company was "considerably oversubscribed", as institutional investors lined up to commit funds to the blank check vehicle.

ACQ Bure AB jumped as much 9 percent shortly after it started trading on Nasdaq Stockholm. | Photo: Nasdaq / PR

ACQ, a SPAC created by Swedish investment firm Bure Equity, 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 percent.

Patrik Tigerschiold, the chairman of Bure and ACQ, said the SPAC's roughly 35,000 new investors can "look forward to creating long-term shareholder value together with other owners in ACQ."

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

After two years of preparation: Robur launches dark green prestige fund

Sweden's largest fund manager is launching a climate impact fund with Swedbank's insurance unit as anchor investor. "We've had some great interest from larger investors and are in close contact with several potential investors that have expressed an interest," the new fund's portfolio manager tells AMWatch.

Further reading

Related articles

Trial banner

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch