Overview

The huge surge in IPO fundraising by special purpose acquisition companies (SPACs) on US stock exchanges may be showing the first signs of slowing down, but momentum behind European SPAC activity is only just starting to gather pace.

European SPACs continue to tap US markets for liquidity, but increasing numbers of sponsors are now preferring to IPO on European exchanges and avoid the increasingly crowded US SPAC market, which is also facing tighter regulatory oversight from the Securities and Exchange Commission (SEC).

The White & Case European SPACs Data Hub highlights the key datapoints behind SPAC IPO and De-SPAC M&A trends in Europe on a monthly basis.