The Latest SPAC News and Rumors: May 18th, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
SPAC activity seems to be picking up again, but rather than the news be U.S. based, it’s international markets that are getting all the headlines…
Indonesian Travel Startup Tiket Considers $2B SPAC Deal
Indonesian travel startup Tiket is reportedly in talks to combine with COVA Acquisition Corp. (NASDAQ:COVA) in a deal valued at $2 billion, according to Bloomberg. The Jakarta-based startup is looking to raise approximately $200 million in PIPE and is being advised by Goldman Sachs.
READFrench Hotelier Accor Weighs SPAC Listing This Year
Hotel company Accor is weighing a SPAC listing as it considers a size roughly 200 million euros ($244 million) to 300 million euros and would be focused on the lifestyle and leisure sectors, according to Bloomberg.
READSoftbank Vision Fund Considers Listing $300M Tech SPAC
Softbank’s Vision Fund is discussing plans to raise capital of approximately 250 million euros ($304 million) for a SPAC listing on the Amsterdam stock exchange later this year, according to Bloomberg. The SPAC would look for a target in the European tech industry.
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