First Nordic SPAC Will Go Public March 25

Nordic financial services group SEB is the global coordinator and bookrunner of Scandinavia’s first special purpose acquisition company (SPAC) and is now building out a corporate finance unit, Bloomberg reported.

The SPAC plans to go public in Stockholm on March 25, Bloomberg reported. The deal was announced by investment firm Bure and comes as SPACs are seeing a pronounced popularity in the U.S.