Swedish SPAC Creaspac to Start Trading on Nasdaq Stockholm: Report

Swedish blank-check company Creaspac AB said it will begin trading on the Nasdaq Stockholm today after raising 2.5 billion Swedish kronor ($294.9 million) from an IPO, MarketWatch reports.

Creaspac was established by investment firm Creades AB to raise capital and within 36 months acquire an unlisted company.

The offering comprised 24.8 million newly issued shares sold at SEK100 a share and was considerably oversubscribed, the SPAC said. Read more.

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