SPACs Can Now Be Listed and Traded in Switzerland, Says SIX

The SIX Swiss Exchange (SIX) announced today that as of 6th December 2021, Special Purpose Acquisition Companies (SPACs) can be listed and traded on SIX. Authorization from all of the relevant authorities has been obtained.

According to the official press release, the new listing standard for SPACs caters for the specific characteristics of these vehicles while upholding an appropriate degree of investor protection.

SPACs as financial vehicles have been in existence for decades, but only in the recent past gained widespread attention by market participants. This is why SIX has closely monitored these developments and the demand around SPACs for its market and – in response to a regulatory need - developed a new dedicated listing standard. Companies seeking a listing as a SPAC are principally subject to the same listing requirements as other listed companies at SIX, but adapted to the specific characteristics of a SPAC while upholding an appropriate degree of investor protection. Regulatory disclosure requirements for SPACs at IPO as well as at the time of de-SPAC aim to provide investors with the relevant details for them to take informed investment decisions.

“The SPAC listing standard will complement our ongoing efforts to offer new products and services for current and future issuers. For companies that are ready to go public, SPACs provide an additional option to do so”, said Christian Reuss, Head SIX Swiss Exchange.