Franklin raises $550m bid cash via London float
Evening Standard|May 17, 2023
SERIAL dealmaker Sir Martin Franklin today raised a $550 million (£442 million) takeover war chest through a share listing on the London stock market
Franklin raises $550m bid cash via London float

The London-born but Miami-based tycoon floated his Special Purpose Acquisition Company (SPAC) Admiral Acquisition Corp in a rare London IPO.

Sir Martin (below), nephew of DNA pioneer Rosalind Franklin, has a long history as a corporate acquirer and was once Wall Street's youngest CEO.

The company sold $550 million worth of shares at $10 each. With no operations of its own, it will use these funds plus debt it can raise to buy a firm, allowing the acquired business to list in London.

هذه القصة مأخوذة من طبعة May 17, 2023 من Evening Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 17, 2023 من Evening Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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