As of today, 468 SPAC I SE (ISIN: LU2333563281) has been listed on the Regulated Market (General Standard) of the Frankfurt Stock Exchange. The company is a SPAC – a Special Purpose Acquisition Company. According to the issuer, its objective is to invest in a European company in the sub-sectors marketplaces, direct-to-consumer (D2C) and software & artificial intelligence within a predefined period of time.

The shares had an initial listing price of €9.79. The issue price was €10.00. The listing was accompanied by Berenberg, which also acts as designated sponsor on Xetra. Specialist on the trading venue Börse Frankfurt is Baader Bank.

A SPAC listing is an alternative to the classic IPO (Initial Public Offering). It is a shell company without its own operating business. The aim is to raise capital through a listing and use the proceeds to take over a non-listed company within a limited period of time and indirectly take it public. After completion of the transaction, the acquired company has been indirectly listed via SPAC.  

For more information on a SPAC listing and eligibility requirements, click here.