Martin Blessing is the latest high-profile European banker to set up a special purpose acquisition company (Spac) focused on financial services and fintech.
As chief executive, he heads an impressive team at European FinTech IPO Company 1 (EFIC1), which intends to float on Euronext Amsterdam before the end of March and to raise €415 million – more than most Spacs, which typically raise between €250 million and €300 million – through the sale of shares and warrants.
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