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Jan. 7, 2022, 9:07 a.m. EST

Branson reportedly eyes Amsterdam for first European SPAC

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By Steve Goldstein

Billionaire Richard Branson is reportedly looking to Amsterdam rather than London for his first European-listed special purpose acquisition company.

Sky News reported that Branson , founder of the Virgin Group, is looking at a €200 million ($226 million) listing on the Euronext Amsterdam. Branson has already taken Virgin Galactic /zigman2/quotes/208333884/composite SPCE -0.46% and Virgin Orbit /zigman2/quotes/226726551/composite VORB -5.41% public through mergers with blank-check companies in the U.S., and Virgin’s SPACs have merged with 23andMe /zigman2/quotes/222659849/composite ME -1.37% and set plans to do so with Grove Collaborative /zigman2/quotes/226701480/composite VGII 0.00% .

Euronext /zigman2/quotes/208368645/delayed FR:ENX +3.16% says it accounted for 49% of new SPACs listed in Europe last year. The U.K. last year relaxed SPAC rules in an effort to bring them to the London Stock Exchange /zigman2/quotes/206625606/delayed UK:LSEG +1.45% .

European stocks turned lower Friday after the U.S. jobs report showed a further decline in the unemployment rate and a pickup in wages, even as there was a smaller-than-forecast 199,000 gain in nonfarm payrolls.

The German DAX /zigman2/quotes/210597999/delayed DX:DAX +0.72% dropped 0.8% and the French CAC 40 /zigman2/quotes/210597958/delayed FR:PX1 +0.20% dropped 0.5%, while the FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +1.19% traded steady, as the rise in bond yields boosted the financial sector, and the pickup in oil prices helped lift energy producers including BP /zigman2/quotes/202286639/delayed UK:BP +1.09% .

STMicroelectronics /zigman2/quotes/203551318/delayed IT:STM -1.57% rallied 5% in Milan after the chipmaker guided for a stronger-than-forecast fourth quarter.

/zigman2/quotes/208333884/composite
US : U.S.: NYSE
$ 6.55
-0.03 -0.46%
Volume: 9.18M
May 20, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.69 billion
Rev. per Employee
$4,491
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/zigman2/quotes/226726551/composite
US : U.S.: Nasdaq
$ 4.37
-0.25 -5.41%
Volume: 225,333
May 20, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.46 billion
Rev. per Employee
$10,813
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/zigman2/quotes/222659849/composite
US : U.S.: Nasdaq
$ 2.88
-0.04 -1.37%
Volume: 2.48M
May 20, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.29 billion
Rev. per Employee
$459,216
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/zigman2/quotes/226701480/composite
US : U.S.: NYSE
$ 9.93
0.00 0.00%
Volume: 6,665
May 20, 2022 4:10p
P/E Ratio
185.26
Dividend Yield
N/A
Market Cap
$499.60 million
Rev. per Employee
N/A
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/zigman2/quotes/208368645/delayed
FR : France: Euronext Paris
78.90
+2.42 +3.16%
Volume: 216,208
May 20, 2022 5:39p
P/E Ratio
17.67
Dividend Yield
2.45%
Market Cap
€8.44 billion
Rev. per Employee
€657,374
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/zigman2/quotes/206625606/delayed
UK : U.K.: London
7,270.00 p
+104.00 +1.45%
Volume: 444,247
May 20, 2022 4:35p
P/E Ratio
64.48
Dividend Yield
1.31%
Market Cap
£37.10 billion
Rev. per Employee
£289,755
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/zigman2/quotes/210597999/delayed
DAX
DX : Xetra Indices
13,981.91
+99.61 +0.72%
Volume: 83,084
May 20, 2022 6:30p
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/zigman2/quotes/210597958/delayed
FR : France: Euronext Paris
6,285.24
+12.53 +0.20%
Volume: 92,863
May 20, 2022 6:05p
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/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,389.98
+87.24 +1.19%
Volume: 722,321
May 20, 2022 4:56p
loading...
/zigman2/quotes/202286639/delayed
UK : U.K.: London
417.20 p
+4.50 +1.09%
Volume: 32.73M
May 20, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
4.20%
Market Cap
£80.56 billion
Rev. per Employee
£1.74M
loading...
/zigman2/quotes/203551318/delayed
IT : Italy: Milan
36.75
-0.59 -1.57%
Volume: 2.34M
May 20, 2022 5:35p
P/E Ratio
16.54
Dividend Yield
0.62%
Market Cap
€33.39 billion
Rev. per Employee
€237,616
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