22 June 2021

IPO of 5th SPAC of 2021

Following the arrival of Hedosophia, Crystal Peak Acquisition is yet another British SPAC listed on the stock exchange that focuses on the acquisition of a tech company. This is the fifth SPAC to be listed in Amsterdam this year. Once again, the IPO will take place without any significant publicity. The IPO will raise $150 million. The goal is to use this capital to take over a company from Europe, the Middle East or Africa that focuses on cloud services or fintech and, in doing so, to gain access to the stock exchange.

Update: Crystal Peak has failed to find a merger partner and will be wound up after returning approximately the invested amounts in February 2023.