Branson reportedly eyes Amsterdam for first European SPAC

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

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Sky News reported that BransonVirgin Group founders are considering a €200 million ($226 million) listing on Euronext Amsterdam. Branson has already taken Virgin Galactic SPCE,
-2.24%
and Virgin Orbit VORB,
+3.18%
public through mergers with blank-check companies in the US, and Virgin’s SPACs merged into 23andMe ME,
+0.81%
And set up a plan to do this with Grove Collaborative VGII,
-0.20%,

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euronext enx,
-1.98%
says it contributed 49% of the new SPAC listed in Europe last year. Britain relaxed SPAC rules last year in an effort to bring the London Stock Exchange into the LSEG.
+0.43%,

European stocks fell on Friday after a further drop in the unemployment rate and wage hikes on a US jobs report, even as non-farm payrolls hit a short-estimate of 199,000.

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German DAX DAX,
-0.45%
fell 0.8% and the French CAC 40px1,
-0.18%
fell 0.5%, while the FTSE 100 UKX,
+0.18%
Trading held steady, as rising bond yields boosted the financial sector, and a rally in oil prices helped lift energy producers, including BP,
+1.82%,

STMicroelectronics STM,
+5.06%
Milan rose 5% after the chipmaker guided for a stronger-than-forecast fourth quarter.

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