Law360 (February 12, 2021, 4:53 PM EST) — The surge in special purpose acquisition companies, a phenomenon concentrated heavily in the United States, is showing nascent signs of spreading abroad to the United Kingdom and Europe, where SPACs have historically been sparse.
Nasdaq’s Stockholm exchange on Feb. 1 updated its rules to enable the listing of SPACs, a policy that is expected to spread to other Nordic exchanges. Meanwhile, the U.K. has not enacted any regulatory changes to encourage SPACs, though it is conducting a broader review of its listings rules intended to make the country more competitive in a post-Brexit world.
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