We advised the underwriter on the SPAC IPO and Euronext Amsterdam listing

Davis Polk advised the underwriter in connection with the private placement of 36,510,000 units of European FinTech IPO Company 1 B.V. The underwriter has also been granted an option to purchase up to 5,010,000 additional units pursuant to an over-allotment option. Each unit consists of one ordinary share and one-third of a warrant to purchase one ordinary share of European FinTech IPO Company 1 B.V. The units were listed on Euronext Amsterdam under the symbol “EFIC1”.

European FinTech IPO Company 1 B.V. is a newly organized special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with or acquisition of a target business or entity. European FinTech IPO Company 1 B.V. intends to focus on opportunities in the broadly defined financial services and financial technology sectors and aims to complete a business combination with a suitable partner that operates, or whose headquarter is, in Europe, including the United Kingdom or Israel. European FinTech IPO Company 1 B.V. is the first FinTech focused SPAC to be listed in Europe.

The Davis Polk corporate team included partners Reuven B. Young and Dan Hirschovits and associate Andrew Rowe. The U.S. tax team included counsel Alon Gurfinkel and associate Summer Xia. All members of the Davis Polk team are based in the London office.

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