Europe hopes Niel’s new Spac will lead issuance wave

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Europe hopes Niel’s new Spac will lead issuance wave

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Veepee's CEO Jacques-Antoine Granjon (R) and Iliad's founder Xavier Niel (L) arrive on September 17, 2019 at the Elysee presidential palace in Paris to attend a meeting with French President and tech executives to lay out new financing measures for start-ups. Photo by Eliot Blondet/ABACAPRESS.COM | Blondet Eliot/ABACA/ABACA/PA Images

A new special purpose acquisition company (Spac) founded by three celebrated French investors has prompted hopes that more deals will follow in Europe next year. Spacs have been one of the most talked-about aspects of the global equity capital markets, particularly in the US, where more than $65bn has been raised through Spacs this year, according to Dealogic.

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