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Evening Standard

Business

Simon Hunt

SPACs are back as British biotech firm Zura launches UK’s first Nasdaq listing in 2023

SPAC United Kingdom the Nasdaq exchange United States

There are signs the SPAC could be making a comeback as a British biotech company will today use the unusual vehicle to become the first UK firm to list on the Nasdaq exchange in 2023.

Zura Bio, which develops medicines for immune system disorders, has raised $65 million (£53 million) via a special purpose acquisition company or SPAC called JATT.

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