VC firm B Capital’s SPAC withdraws $200m US IPO plans

VC firm B Capital’s SPAC withdraws $200m US IPO plans

Photographer: Victor J. Blue/Bloomberg

B Capital Technology Opportunities, the special purpose acquisition company (SPAC) formed by venture capital firm B Capital, has abandoned its plans to raise up to $200 million in an initial public offering in the US.

In a filing lodged with the US Securities and Exchange Commission, the blank cheque company had asked that the withdrawal be effective from May 3, the date of the request.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter