And just like that, the SPAC craze is coming in hot to take over the chill Nordic markets.
Scandinavia’s first blank check firm, ACQ Bure AB (ACQSPAC), which was created by Swedish firm Bure Equity AB, started trading on Thursday. The hype was so real that investors queued up to pour their funds into the special purpose acquisition company — to the point that it was “considerably oversubscribed!”
Many financial players believe that the SPAC model is set to increase in popularity in the wealthy region of Northern Europe. ACQ jumped as much as 9% upon hitting the market.