London-based fund manager Hedosophia plans to raise an initial €400 million ($488 million) through a SPAC in Amsterdam, the Financial Times reports.
This would be the most significant blank-check company to list in Europe, following the boom in SPAC investing that has turbocharged US tech stocks over the past two years.
Hedosophia European Growth plans to merge with a European tech “unicorn” and then use the newly merged vehicle to target other European tech companies valued at up to €5 billion ($6.1 billion) each. Read more.
