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.