Billionaire’s $363 Million Blank-Check Firm Jumps in Debut
- 2MX Organic is Europe’s largest SPAC listing since May 2019
- Deal raised more than all other French IPOs combined this year
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A blank-check firm listed by French billionaire Xavier Niel and two other partners surged as much as 31% as shares started trading in Paris after raising 300 million euros ($363 million) in Europe’s largest such listing of the year.
The special purpose acquisition company called 2MX Organic was brought to market by Niel, the billionaire behind telecom carrier Iliad SA, Matthieu Pigasse, who runs Centerview Partners’ Paris office, and supermarket chain owner Moez-Alexandre Zouari.