Hambro Perks launches London's first London SPAC following rule change - reports

Vehicle aims to raise up to £150m

London-based investment firm Hambro Perks is to launch a Special Purpose Acquisition Company onto the London Stock Exchange, according to reports, marking the first of its kind to come to market since the UK changed its rules on SPACs in August.

The vehicle, which will aim to raise up to £150m through a focus on high-tech companies, is targeting mergers valued at £2bn including debt, although it will consider deals valued at £800m or more, according to Reuters. The launch is the first of its kind to float onto the LSE since the UK Government removed a trading suspension on SPACs after they confirm a deal. The lifting of the rules came in August this year, following a slew of SPAC activity in the US, with the aim of encouraging more young technology and fintech firms to enter the UK market. Argonaut's Norris: Everybody loves a...