New Frankfurt-listed Spac joins rush to market in Europe

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By Aidan Gregory
17 Feb 2021

The rush of Spac IPOs in Europe is continuing, with the launch of a new Frankfurt-listed cash shell backed by Klaus Hommels, focused on acquiring a company in the technology sector.

Lakestar Spac I plans to raise €275m in an IPO on the Frankfurt Stock Exchange, launched on Wednesday afternoon. The offer price is €10 a unit. JP Morgan, Deutsche Bank and Morgan Stanley are bookrunners.

After pilot fishing meetings before launch, the banks had indications of interest for more than the ...

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