SPAC listing raises £125 million
17th SPAC listing on Euronext’s markets in 2021
First SPAC listed and traded on Euronext Amsterdam in Pounds Sterling to benefit UK investors
Amsterdam – 7 October 2021 – Euronext today congratulates Disruptive Capital Acquisition Company, a Special Purpose Acquisition Company (SPAC), on its listing on Euronext Amsterdam (ticker code: DCACS). It is the 17th SPAC listing on Euronext markets this year and the first SPAC on Euronext Amsterdam to be listed and traded in Pounds Sterling.
Disruptive Capital Acquisition Company focuses on companies in the financial services sector with their headquarters or principal operations in Western and/or Northern Europe.
At opening, the share price was set at £10.00 per share. Disruptive Capital Acquisition Company has successfully raised £125 million on the day of listing. The SPAC is sponsored by Disruptive Capital GP Limited, led by founder and current Executive Director, Edmund Truell.
Edmund Truell, Executive Director of DCAC, said: “We are delighted to be listing Disruptive Capital Acquisition Company on Euronext Amsterdam. As a listed entity we look forward to helping businesses in the European financial services sector access the public capital markets. Our team has decades of successful business acquisition and transformation across financial services and our ambition is to buy a well-established business and then apply transformative business models and technology to rapidly improve the customer experience, optimise the balance sheet and reduce unrewarded risks. We believe that we have the strategic insights to build a growing business with strong downside resilience that offers exciting opportunities for investors.”
About Disruptive Capital Acquisition Company Disruptive Capital Acquisition Company Ltd aims to combine with a financial services company which has a conservative profile and potential for strong and sustainable long-term growth. Target companies will have their headquarters or principal operations in Western and/or Northern Europe. Disruptive Capital Acquisition Company Ltd will utilise its team’s vast experience as it targets a partnership with a financial services company operating in insurance, banking, pensions, asset or wealth management, or service and administration.