Home Trading Following the failure of SPAC acquisition, Saxo Bank looks at Copenhagen IPO

Following the failure of SPAC acquisition, Saxo Bank looks at Copenhagen IPO

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According to a source familiar, Saxo could also consider private placement because shareholders Geely (0175.HK), a Chinese automaker, and Sampo (SAMPO.HE), are seeking to reduce their stakes. Fournais said that the company will keep “all options open” but the plan for now is to go public.

In September 2013, the bank had announced its plans to list Euronext Amsterdam through SPAC. However, in early December, it had to abandon it due to “challenging market conditions”. Israel-based trading company eToro also aborted its plans for SPAC merger with Betsy Cohen’s blank-check company in July last year.

LeapRate first published the article Saxo Bank Looking at Copenhagen IPO Following Failure of SPAC Acquisition



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