Cederquist advises on the IPO of the first SPAC in Sweden
Cederquist is legal advisor to ACQ Bure AB (publ), a Swedish acquisition company, so-called SPAC (Special Purpose Acquisition Company), in connection with its initial public offering and listing on Nasdaq Stockholm, raising approx. SEK 3.5 billion. ACQ Bure AB has been established on the initiative of the investment company Bure Equity AB and is the first SPAC in Sweden. The listing is conducted under the new rules of Nasdaq Stockholm for SPACs, which entered into force on 1 February. SPACs are a phenomenon which have become increasingly common in the US. The SPAC raises capital and is listed with an explicit purpose to within a certain period of time complete an acquisition of a private company, which by way of the acquisition becomes listed, following a listing review.
The first day of trading in ACQ Bure AB (publ) occurs today, on 25 March 2021.
Cederquist's team comprised Fredrik Lundén, Elin Ljungström, Louise Génetay, Emma Hammarlund, Filip Gyulai and Matilda Larsson.
Further information is available at www.acq.se