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Martin Gilbert: Spacs can be a godsend for growth companies, but beware the sting in the tail

While a fresh route to capital is much needed, fears are mounting around over-supply and big-name endorsements

Martin Gilbert is chairman of Revolut and AssetCo
Martin Gilbert is chairman of Revolut and AssetCo Photo: Christopher Goodney/Getty Images

“Martin, you don’t wear grey leather shoes in the City.”

I was told this on one of my first trips to London in the 1980s. I was obviously unaware of City etiquette and the required dress code. It goes without saying I returned to the north east of Scotland with my tail between my legs and didn’t commit this supposed faux pas again.

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