BERLIN/LONDON (Reuters) – German venture capitalist Klaus Hommels launched a blank cheque company in Frankfurt on Wednesday through his firm Lakestar, offering a European route to the stock market for tech startups that does not entail crossing the Atlantic.
The early investor in Spotify is seeking to raise up to 275 million euros ($332 million) for a Special Purpose Acquisition Company, or SPAC, that would buy a company with an equity value of between 750 million and 4 billion euros.
(Reporting by Douglas Busvine and Abhinav Ramnarayan; editing by Thomas Seythal)
