A new SPAC in Borsa Italiana: Space 2 joins MIVJul 31 2015 - 14:00
- Second SPAC promoted by Space Holding
- €300 million at IPO
Today a new company, Space 2, debuts on MIV, the market of Borsa Italiana dedicated to investment vehicles. Space 2 is a SPAC under Italian law promoted by the investment company Space Holding.
Space Holding had previously listed on MIV the SPAC Space, which has then incorporated FILA.
A SPAC (Special Purpose Acquisition Company) is a corporate vehicle created to raise capital through an IPO in order to carry out mergers or acquisitions of other companies. Since 2011 6 companies of this type has been listed on Borsa Italiana’s markets.
Space 2 raised €300 million at IPO and received orders by 80 primary institutional Italian and foreign investors. Equita SIM S.p.A. acted as Sponsor, Global Coordinatori and Sole Bookrunner.
Massimiliano Lagreca, Head of Large Caps & Investment Vehicles of Borsa Italiana, commented:
“After the success of Space, the SPAC which has brought FILA in Borsa, we are happy to welcome Space 2. This new listing on MIV, the market dedicated to investment vehicles, confirms the success of the SPAC formula, which is attracting a growing interest among entrepreneurs and is spreading as a new type of access to capital markets”.
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