Author of the article:
Swetha Gopinath
Publishing date: Feb 12, 2021  â¢Â February 12, 2021  â¢Â 2 minute read  â¢Â
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(Bloomberg) â ESG Core Investments BV rose in its Amsterdam trading debut Friday after raising 250 million euros ($303 million) in the first initial public offering of a sustainability-focused blank-check company in Europe.
ESG Core climbed 3% to 10.3 euros at 11:40 a.m. in Amsterdam from the offering price of 10 euros per unit. The listing is the first in Europe this year by a special-purpose acquisition company, and only the third such offering since the blank-check craze took Wall Street by storm in 2020.
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Ex-Credit Suisse CEO Thiam, Pimco Team Up for $250 Million SPAC
Bloomberg 2/10/2021 Jan-Henrik Förster and David Hellier
(Bloomberg) Former Credit Suisse Group AG Chief Executive Officer Tidjane Thiam is teaming up with Pacific Investment Management Co. for a blank-check company that’s seeking to raise $250 million.
Freedom Acquisition I Corp. plans to offer 25 million units at $10 apiece in its U.S. initial public offering, it said in a filing Wednesday. Pimco, the investment unit of Allianz SE that manages about $2 trillion of assets, is a co-sponsor of Freedom Acquisition and plans to buy as much as 9.9% of the offering.
The bank is combining its wealth management units to serve both the ultrarich and the less affluent; the small business loan program will open to all borrowers on Tuesday.