IPO

Richard Branson to launch a SPAC on the Amsterdam Stock Exchange

, Reuters

Billionaire British businessman Richard Branson is set to launch his first-ever European blank-check company on the Amsterdam stock exchange in the next few months.

Branson's plan to list in Amsterdam comes after the hub ended 2021 as Europe's top share trading venue, even as British regulators have reformed rules to boost London's role as a global centre for listing companies.

The SPAC will seek to raise an initial sum of 200 million euros ($225.94 million), according to a source cited in the Sky News report.

The billionaire has been favouring the hot, market-favourite SPAC route. He took his space venture Virgin Galactic and his satellite program Virgin Orbit public through mergers with SPACs.

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