Admiral Acquisition Reportedly Looking to Raise $500M in London IPO

Serial dealmaker Martin E. Franklin, who warned of excesses in blank-check companies last year, is raising money for a new SPAC in the UK, reports. 

Admiral Acquisition is selling units at $10 each on the London Stock Exchange, according to terms seen by Bloomberg. The sponsor is , a Miami-based family office owned by Franklin. 

Market Screener pegged the float at $500 million. Rumors that Franklin would launch a new blank-check vehicle on the London exchange had been circulating since last July. Read more.


Source: Admiral Acquisition Reportedly Looking to Raise 0M in London IPO