14 May 2021

British SPAC quietly goes public

Two weeks after the arrival of the French Pegasus, the fourth SPAC of 2021 has made an appearance on the Amsterdam stock exchange today. Hedosophia European Growth has raised €460 million with the IPO, which it wants to use to acquire and list a European technology company in the next two years. As the British initiators prefer to stay out of the media, the IPO took place in relative silence and lacked the usual gong ceremony.

Update: Hedosophia failed to find a merger partner and, after returning approximately its stake, will cease operations in May 2023.