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Germany Wants to Make SPACs More Attractive

June 29, 2022
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Germany’s finance and justice ministers presented a plan today to make the country’s financial markets more attractive to investors and improve access to capital for start-ups and growth companies, Reuters reports.

The plan included provisions to lower the minimum capital requirement for an IPO to 1 million euros ($1.05 million) from the current 1.25 million, and to increase the tax-free allowance for employee share ownership to 5,000 euros from 1,440 euros.

The plans would also aim to improve conditions for SPACs, although the article did not elaborate.

“Securities are not something for millionaires. Securities are something for millions (of people),” Finance Minister Christian Lindner told a news conference. Read more.

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