Lakestar SPAC I SE listed on the Regulated Market in Frankfurt since today

Release date: 22 Feb 2021 | Deutsche Börse Cash Market

Lakestar SPAC I SE listed on the Regulated Market in Frankfurt since today


Lakestar SPAC I SE (ISIN: LU2290523658) is listed on the Regulated Market (General Standard) of the Frankfurt Stock Exchange as of today. The company is a SPAC - a Special Purpose Acquisition Company. According to the issuer, its objective is to acquire a European late-stage growth company from the technology sector within a predefined period of time.

The shares had an initial listing price of €11.15. The issue price was €10.00. The listing was accompanied by Deutsche Bank, J.P. Morgan and Morgan Stanley. Morgan Stanley also acts as designated sponsor on Xetra. Specialist on the trading venue Börse Frankfurt is Baader Bank.

A SPAC listing is an alternative to the classic IPO (Initial Public Offering). It is a shell company without its own operating business. The aim is to raise capital through a listing and use the proceeds to take over a non-listed company within a limited period of time and indirectly take it public. After completion of the transaction, the acquired company has been indirectly listed through the SPAC.  

For more information on a SPAC listing and eligibility requirements, click here.

 

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