The International Stock Exchange (TISE), headquartered in
Guernsey, has revised its Listing Rules to attract Special
Purpose Acquisition Companies (SPACs).
SPACs activity has surged in 2021, especially in the US, and now
the UK has launched a new SPAC listing regime which came into
effect from 10 August.
TISE initially introduced rules for listing SPACs in 2015 and
has recently revised them to align with developing market trends in
both the US and Europe and notably, where there may be an
institutional investor base.
Carolyn Gelling, Head of Equity Markets at TISE, said:
"Globally there has been a resurgence of SPAC activity this
year, which we have watched with interest. Our Listing Rules for
SPACs were initially introduced in 2015 and since then they have
been regularly updated but with recent developments in the market
there were several areas which warranted a refreshed approach.
