Crescent Cove Advisors Said to be Forming Asia-Focused Tech SPAC

"The size of an IPO, whether it’s a traditional IPO or a SPAC, is absolutely a proxy for quality. And the size of the average SPAC has been rising. The size of the average IPO has been falling,” the CEO and CIO of Morgan Creek Capital Management told CNBC.

EV hopeful Next.e.GO Mobile SE is in talks to go public through a blank-check company or an IPO that could value the manufacturer at $2.4 billion, Bloomberg reports.

Gulf Capital, which manages about $2.5 billion in assets, is working with boutique advisory Moelis & Co. on the potential transaction.

PE firm Permira agreed to pay $44 per share in cash, a roughly 30% premium to Squarespace’s unaffected share price.