Finance
ESG Core Rises in Europe’s First Sustainable SPAC Listing
- Company sold 25 million units at 10 euros each in offering
- Listing is the first in 2021 of a European blank-check firm
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ESG Core Investments BV rose in its Amsterdam trading debut Friday after raising 250 million euros ($303 million) in the first initial public offering of a sustainability-focused blank-check company in Europe.
ESG Core climbed 3% to 10.3 euros at 11:40 a.m. in Amsterdam from the offering price of 10 euros per unit. The listing is the first in Europe this year by a special-purpose acquisition company, and only the third such offering since the blank-check craze took Wall Street by storm in 2020.