JPM creates European Spacs team as craze takes hold

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JPM creates European Spacs team as craze takes hold

Aidan Gregory
February 16, 2021 01:00 pm
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In this photo illustration a JP Morgan logo seen displayed on a smartphone screen with stock market graphic on the background. (Photo by Omar Marques / SOPA Images/Sipa USA) | SOPA Images/SIPA USA/PA Images

JP Morgan has appointed a new team of senior investment bankers focused on special purpose acquisition companies in Europe, after over $100bn was raised over the past year by cash shells, mostly in the US.

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