/Ex-LSE Chief Xavier Rolet Plans Fintech SPAC: Sources (via Qpute.com)
Ex-LSE Chief Xavier Rolet Plans Fintech SPAC: Sources

Ex-LSE Chief Xavier Rolet Plans Fintech SPAC: Sources (via Qpute.com)


Xavier Rolet, the former head of London Stock Exchange Group Plc, is planning to launch a blank-check company targeting financial technology investments, people familiar with the matter said.

He plans to seek about $300 million by listing a special purpose acquisition company in the U.S., according to the people, who asked not to be identified because the information is private. Rolet could reveal plans for the listing as soon as the next few days, the people said.

The SPAC will be one of the most high-profile listings to come to market since a regulatory review of accounting standards used by blank-check companies led to a slowdown in new offerings. Credit Suisse Group AG is advising on the planned IPO, according to the people.

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