It’s a Summer of SPACs in Europe as Speedy Deals Prompt IPOs

European SPAC listings are picking up even as U.S. boom slows
Finding acquisition targets seen as vital for fresh offerings

A tourist refreshes himself and fills bottle of water in a "Nasone" fountain in the center of Rome on August 12, 2020. - Western Europe has been sweltering through a heatwave, with temperatures soaring above 35 degrees Celsius (95 F). (Photo by Alberto PIZZOLI / AFP) (Photo by ALBERTO PIZZOLI/AFP via Getty Images)Photographer: ALBERTO PIZZOLI/AFP

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By Swetha Gopinath and Myriam Balezou

July 23, 2021 at 11:46 AM UTC

Updated on

July 23, 2021 at 2:45 PM UTC

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The frenzy of blank-check firms listing on the stock market may have cooled off in the U.S., but it’s hotter than ever in Europe, encouraged by the speed with which some of the acquisition vehicles are finding targets to buy.

Of the 27 European offerings by special-purpose acquisition companies in the past year, more than half have listed since June, according to data compiled by Bloomberg.