The shares had an initial listing price of €9.99. The issue price was €10.00. The listing was accompanied by J.P. Morgan, which also acts as designated sponsor on Xetra. Specialist on the trading venue Börse Frankfurt is Baader Bank.
A SPAC listing is an alternative to the classic IPO (Initial Public Offering). It is a shell company without its own operating business. The aim is to raise capital through a listing and use the proceeds to take over a non-listed company within a limited period and indirectly take it public. After completion of the transaction, the acquired company has been indirectly listed via SPAC.
For more information on a SPAC listing and eligibility requirements, click here.
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