SFTBY - SoftBank reportedly plans $304M SPAC for Amsterdam exchange

SoftBank ([[SFTBF]],[[SFTBY]]) could raise money by listing a SPAC on the Amsterdam stock exchange later in 2021.Bloomberg sources say the Vision Fund is looking to make about $304M from the deal, though the details aren't yet finalized.The new SPAC would look for investment targets in among European tech and high-growth companies.Related: In March, two SoftBank SPACs made their NASDAQ debuts after raising $480M in the downsized offerings. Last week, SoftBank reported annual profits that set a new record for Japanese companies, which was driven by returns from its Vision Fund investments.

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SoftBank reportedly plans $304M SPAC for Amsterdam exchange