The Luxembourg Stock Exchange (LuxSE) has published on 19 August
2021, its first guidelines for the listing of SPACs on each of its
markets. The guidelines aim at striking the right balance between
the needs of sponsors (and other financial intermediaries) and
investor protection.
Rounding off a year that saw the rapid growth of acquisition
activity by SPACs, the LuxSE issued on 19 August 2021, its first
guidelines for the listing of SPACs on both its regulated market
(Bourse de Luxembourg) and the Euro MTF market (the
Guidelines).
The Guidelines also apply to listings on the professional
segments of each of these two markets, thus allowing SPACs that do
not target retail investors to restrict their shareholding to
professional or qualified / well-informed investors.
