A special purpose acquisition company or SPAC, Luxembourg-based GP Bullhound Acquisition I SE, raised 200 million euros ($229 million) on Friday on the Amsterdam Euronext, the first SPAC listing on the exchange in 2022.
SPACs are shell companies that raise money in an initial public offering (IPO) and put it in a trust for the purpose of merging with a private company and taking it public.
Bullhound was set up by co-founders Hugh Campbell, Manish Madhvani and Per Roman to buy a software, digital media, digital commerce or fintech company with a value of between 800 million euros and 2 billion euros that operates in Europe or Israel.
Read more: US News
