European FinTech IPO Company 1 lists on Euronext Amsterdam
Euronext today congratulates European FinTech IPO Company 1 (EFIC1), a Special Purpose Acquisition Company (SPAC) and the first SPAC tailored for European FinTechs, on its listing on the Amsterdam Exchange.
At opening, the share price was set at €10 per share. EFIC1 has successfully raised approximately €415 million in its initial public offering, making it one of the largest SPACs to list in Europe in recent years.
EFIC1 focuses on opportunities in the broadly defined financial services and financial technology sectors and aims to complete a business combination with a suitable partner that operates or is headquartered in Europe, including the United Kingdom, or Israel.
The newly listed SPAC is sponsored by Martin Blessing, Ben Davey, Nick Aperghis and Klaas Meertens. HTP Investments, a Dutch investment company owned by Klaas Meertens and Wim de Pundert, has invested over €40 million in EFIC1.
Martin Blessing, CEO of EFIC1, said:
“Today is a great day for EFIC1 and its leadership team. With EFIC1, we have established the first FinTech-focused SPAC listed in Europe. We pave the way for promising FinTech companies in Europe to go public in their home region and strengthen Europe as the financial home of a forward-looking financial industry. The experience of our team will allow us not only to connect with the right business partner but also to help this company to further grow and develop as a listed company here at Euronext in Amsterdam.”