The founder of Virgin Galactic was at the New York Stock Exchange.
Drew Angerer is a photographer.
Sky News reported on Friday that Richard Branson's Virgin Group is planning to set up a special-purpose acquisition company in Europe, which would be his first in that region.
The Virgin Group is working with bankers on a plan to list a new SPAC in Amsterdam. The report said the vehicle could be introduced in the first quarter of this year.
A source said the SPAC would probably seek to raise around 200 million dollars, but final details haven't been set.
SPACs are blank check firms that go public with the goal of merging with or acquiring a private company. Launching a company through an IPO is more expensive than the process.
Sky News said the move may be seen as snubbing the London market. British regulators have reformed listing rules to make it easier to pursue SPAC deals in the capital city.
The man has brought two companies to the US stock market through SPACs. Virgin Orbit shares went public on the OTC market. His space tourism company went public in 2019.
The report about the European SPAC was not confirmed or denied by Branson on Friday.
Not talking about it today. I like Amsterdam. I lived in a houseboat for a long time. "Maybe you'll see me in Amsterdam soon, if I need a new houseboat," he said during a remote interview.
The launch of Virgin Orbit was to be marked by a ringing of the bell on the New York Stock Exchange, but it was not possible for Sir Richard to attend due to contracting Covid.
He told CNBC he was feeling great.
Business Insider has an original article.
