Dutch Star Companies TWO celebrates listing on Euronext Amsterdam

Euronext congratulates Dutch Star Companies TWO, a special purpose acquisition vehicle, with its listing on Euronext Amsterdam today.

At opening, based on a reference price of €10 per share, the total market capitalisation of Dutch Star Companies TWO¹ (ticker symbol Ordinary Share: DSC2, ticker symbol Warrants: DSCW1, DSCW2 and DSCW3) was approximately €110 million.

DSCT is the second special purpose acquisition company (SPAC) listing on the Amsterdam stock exchange. It is incorporated for the purpose of acquiring a minority stake in a single target business with principal operations in Europe, preferably in the Netherlands. Dutch Star Companies originated in 2017 by Gerbrand ter Brugge on behalf of Oaklins, Niek Hoek and Stephan Nanninga.

The listing of the first SPAC by Dutch Star Companies ONE in February 2018 has proven to be highly successful. After a legal merger, the Dutch techcompany CM.com was listed on the Amsterdam stock exchange on 21 February of this year.

Mr. Niek Hoek, Executive Director of DSC2 commented: ”DSC2’s proceeds of €110 million brings us in reach of business combinations with a market value around €400 million allowing the target company a fast, efficient stock exchange listing with limited IPO risk and lower upfront costs. The Dutch company with which we enter into such a transaction thus combines the liquidity of all its shares listed on Euronext while retaining control over its own company.”

Mr. Stephan Nanninga, Executive Director of DSC2 commented: “As of now the search for a ‘Dutch Star’, an attractive Dutch company with an EBITDA between €10 million and €75 million, good cash flow and excellent management, has started. DSC2 can offer one such ‘Dutch Star’, something very beautiful: €110 million in pure equity which may be used to finance growth, for debt redemption, or to buy out a shareholder.”

Mr. Gerbrand ter Brugge, Executive Director of DSC2 on behalf of Oaklins commented: “Realising this IPO we are now well positioned to identify a business combination that not only can benefit from the extensive network and expertise of both DSC2 Executive Directors and Oaklins, but also offering that business combination a high-quality shareholder base of established Dutch entrepreneurs, executives and private investors.”

DSC2 celebrated their IPO with a hybrid gong ceremony, denoting the opening of trading of the Company on Euronext Amsterdam.

¹ The Offering will consist of 1,833,334 Units each consisting of six Ordinary Shares and six Warrants, at a price per Unit of €60 representing a total value of the Offering of €110 milion. Delivery of and payment for the Ordinary Shares and Warrants and the start of unconditional trading in the Ordinary Shares and Warrants is expected to take place on 23 November 2020 (the “Settlement Date”). Per Unit, the six Ordinary Shares and three Warrants shall be issued on the Settlement Date. The other three Warrants per Unit shall be issued shortly after completion of the Business Combination.

About Dutch Star Company TWO B.V. The name Dutch Star Companies refers to the objective to raise capital and to acquire a significant minority stake in a single Dutch high performing ’star company’ with principal business operations in Europe, preferably in the Netherlands. Dutch Star Companies is originated in 2017 by Gerbrand ter Brugge on behalf of Oaklins, Niek Hoek and Stephan Nanninga.

About Euronext
Euronext is the leading pan-European market infrastructure, connecting local economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, The Netherlands, Norway and Portugal. With close to 1,500 listed issuers worth €3.8 trillion in market capitalisation as of end September 2020, it has an unmatched blue chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates Euronext Growth® and Euronext Access®, simplifying access to listing for SMEs. Euronext provides custody and settlement services through central securities depositories in Denmark, Norway and Portugal.
For the latest news, find us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

_{Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.}

_{This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.}

_{© 2020, Euronext N.V. - All rights reserved.}