Nasdaq is to launch EdTechX Holdings, the world's first education technology special purpose acquisition company (SPAC), on Ibis Capital, according to regulatory filings. EdTechX said it aimed to produce a next-generation platform using technology through the acquisition, consolidation and development of start-ups and companies working at the leading edge of the sector. The filing also said EdTechX would create an "alternative path to a traditional initial public offering". US private equity firms are increasingly using SPACs as alternative routes to traditional funds.
Ibis Capital is to launch EdTechX Holdings, the world's first education technology special purpose acquisition company (SPAC), on Nasdaq, according to regulatory filings. EdTechX said it aimed to produce a next-generation platform using technology through the acquisition, consolidation and development of start-ups and companies working at the leading edge of the sector. The filing also said EdTechX would create an "alternative path to a traditional initial public offering". US private equity firms are increasingly using SPACs as alternative routes to traditional funds.