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 Vision Fund is discussing plans to raise capital for a blank-check company on the Amsterdam 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 Vision Fund declined to comment.

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