First SPAC in Scandinavia has institutional funds piling in

Scandinavia's first special purpose acquisition company was "considerably oversubscribed", as institutional investors lined up to commit funds to the blank check vehicle.

ACQ Bure AB jumped as much 9 percent shortly after it started trading on Nasdaq Stockholm. | Photo: Nasdaq / PR

By Hanna Hoikkala / BLOOMBERG

ACQ, a SPAC created by Swedish investment firm Bure Equity, started trading on Thursday. The subscription price of 100 kronor a share was quickly topped when the market opened, with ACQ Bure AB jumping as much as 9 percent.

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First SPAC in Scandinavia has institutional funds piling in

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AP4 hopes Swedish SPAC will offer more transparency

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Front page now

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

World's best EMD team still waiting for clients to return to Danske AM

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Nordic institutional investors still see potential in beleaguered Swedish battery producer

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New Nordic high yield manager keeps attracting inflows

KLP excludes US construction supplier over Gaza connection

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Danish pension fund drops drilling platform investments

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Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

New Nordic high yield manager keeps attracting inflows

Expansion of Nordic team has paid off: Inflows to all core products for US manager