26 March 2021

IPO of ‘Fintech’ SPAC

Following the recent IPO of ESG Core Investments, the second SPAC of 2021 will be listed on the Amsterdam stock exchange today. We are talking about EFIC1, which, with €415 million in capital raised today, aims to list a fintech company within two years. This goal is also reflected in the full name: European Fintech IPO Company 1, that the initiators – who all have a background in the financial sector – have given the new SPAC.

Update: on February 2, 2022, the listing of EFIC1 was acquired by the gaming and advertising company Azerion following a merger.