11th SPAC to go public
Today, without any significant media attention, the Amsterdam stock exchange has welcomed this year’s 11th SPAC: Disruptive Capital Acquisition Company (DCACS). Remarkably, the listing will take place in Pounds Sterling, as the company aims to accommodate prospective investors from the UK. DCACS is an initiative of a financial institution with (nearly) the same name, which is based on the British channel island of Guernsey. The IPO is worth £125 million, which DCACS intends to use for the acquisition of a financial service provider in Northern or Western Europe.
Update: Following a merger, ‘cable company’ Global Interconnection Group took over the listing of Disruptive Capital on 7 July 2023.