SoftBank Vision Fund Considers Listing a $300 Million European Tech SPAC

  • Technology dealmaker eyes blank-check listing in
  • Latest SPAC would target European technology investments

SoftBank Group Corp., the technology dealmaker founded by billionaire Masayoshi Son, is considering listing a special purpose acquisition company in Europe, people with knowledge of the matter said.

The Japanese conglomerate’s is discussing plans to raise capital for a blank-check company on the stock exchange later this year, the people said, asking not to be identified because the information is private. It is considering seeking about 250 million euros ($304 million) from the deal, though the target hasn’t been finalized, the people said.

The SPAC would hunt for investments in the European technology industry and other high-growth areas, the people said. Deliberations are at an early stage, and details of the potential listing could change, the people said.

A representative for the SoftBank declined to comment.

Source: Bloomberg – SoftBank Vision Fund Considers Listing a $300 Million European Tech SPAC