Blank-Check Frenzy Prompts Nasdaq Nordic to Set Up New Rules
- Stockholm to introduce blank-check IPO framework next week
- Region’s first SPAC to raise as much as $200 million in March
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Nasdaq Inc. is introducing new rules for blank-check IPOs on its northern European stock exchanges, in a bid to cash in on the SPAC frenzy gripping the U.S.
On Monday, Nasdaq Nordic will adopt a new set of rules to bring its exchange in Stockholm closer in line with the U.S. model for such listings, Adam Kostyal, head of European listings at Nasdaq, said in an interview, adding that Helsinki, Copenhagen and Reykjavik will follow suit “shortly.”