Tech investor Klaus Hommels launches $332 million SPAC in Europe
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cnbc said that European tech investor Klaus Hommels on Wednesday launched a blank-check firm aimed at snapping up a late-stage tech company in the region.Hommels, the founder of venture capital firm Lakestar, is looking to fetch up to 275 million euros ($332 million) for his SPAC, which is called Lakestar SPAC I SE.
SPACs, or special purpose acquisition companies, are shell companies that are created with the sole purpose of raising funds to acquire an existing private company so that the target firm can bypass the traditional initial public offering process.
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CNBC International is the world leader for news on business, technology, China, trade, oil prices, the Middle East and markets.
