U.S. private equity firm Ripplewood said today it was planning to list a SPAC in Amsterdam in what will be this year’s second listing of a blank cheque vehicle on the Dutch stock exchange, Reuters reports.
Ripplewood’s SPAC, named RA Special Acquisition Corporation, will seek to raise up to $225 million ahead of its market debut April. 28.
RA will focus on financial services targets in Europe and will have 24 months to clinch a deal. That window can be extended by six months if approved by a shareholder vote.
Goldman Sachs is handling a two-day bookbuilding process which will conclude Wednesday. Read more.
