Lazard-backed SPACs aim to raise US$500m in IPOs

TWO special purpose acquisition companies (SPACs) backed by investment bank Lazard are aiming to raise as much as US$500 million in initial public offerings, according to regulatory filings on Monday.

Lazard Healthcare Acquisition Corp I and Lazard Fintech Acquisition Corp I are looking to raise US$250 million each, saying they aim to merge with companies in the healthcare and fintech sectors, respectively.