- Advertisement -Newspaper WordPress Theme
InvestmentsSPACS to be allowed on Swiss bourse from Dec. 6 By Reuters

SPACS to be allowed on Swiss bourse from Dec. 6 By Reuters

© Reuters. FILE PHOTO: People stroll over a bridge in entrance of the constructing of the Swiss inventory alternate in Zurich May 18, 2011. REUTERS/Arnd Wiegmann

ZURICH (Reuters) – Special objective acquisition firms (SPACS) can be listed and traded on Switzerland’s alternate from Dec. 6, Swiss bourse SIX mentioned on Tuesday.

SPACs are shell firms that increase funds by way of an preliminary public providing to purchase a personal firm, which then turns into public. It serves instead for firms wanting to enter public markets and permits extra certainty when it comes to the valuation it may obtain on the deal.

Earlier this 12 months, the Swiss Financial Market Supervisory Authority (FINMA) had requested bourse operator SIX to revise its itemizing guidelines for SPACs earlier than introducing the brand new financing instrument.

SIX mentioned authorisation from all related authorities had now been obtained.

Disclaimer: Fusion Media would love to remind you that the info contained on this web site is just not essentially real-time nor correct. All CFDs (shares, indexes, futures) and Forex costs aren’t offered by exchanges however somewhat by market makers, and so costs might not be correct and should differ from the precise market worth, that means costs are indicative and never applicable for buying and selling functions. Therefore Fusion Media doesn`t bear any duty for any buying and selling losses you may incur because of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or injury because of reliance on the knowledge together with knowledge, quotes, charts and purchase/promote alerts contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding kinds attainable.


Please enter your comment!
Please enter your name here

Exclusive content

- Advertisement -Newspaper WordPress Theme

Latest article

More article

- Advertisement -Newspaper WordPress Theme