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Paris to Get its First Tech SPAC With 360 Disruptech Listing

  • Europe has a handful of SPACs listed, mainly in Amsterdam
  • 360 Capital to look for targets valued up to 4 billion euros
    
Photographer: Benjamin Girette/Bloomberg

Paris is set to get its first blank-check company for technology investments, the latest sign European investors are joining the U.S. investment craze.

360 Disruptech EU is looking to raise 250 million euros ($295 million) in a private placement before its shares start trading in early May, the company told Bloomberg. It plans to sell as many as 25 million units, each consisting of one share and one warrant, at 10 euros per unit. Four warrants will give access to 1 share after the acquisition, it said.