NYSE Euronext has asked regulators to allow US-based special purpose acquisition companiesâÂÂpopular among investors seeking to capitalise on buyoutsâÂÂto begin listing on the exchange two weeks after the Nasdaq Stock Market made the same request.
Acquisition companies, also known as Spacs or âblank chequeâ vehicles, raise money through initial public offerings with the intent only to buy or merge with other companies.
