Saxo Bank hiring investment bankers to explore sale
Saxo Bank attempted to go public in 2022 via a merger with a Euronext Amsterdam listed special purpose acquisition company (SPAC).
Saxo Bank attempted to go public in 2022 via a merger with a Euronext Amsterdam listed special purpose acquisition company (SPAC).
Leading the decline at Saxo was a 21% slowdown in Equities trading to $219.7 billion, and a 17% decline in FX trading to $115.2 billion.
In December Saxo Bank pulled out of a $2 billion merger transaction with a special purpose acquisition company, or SPAC.
The Saxo deal the second failed attempt by a Retail FX and CFDs broker to go public via the SPAC route, in just the past six months.