Infarm on the stock market via Spac?
According to insiders, the start-up is planning to go public via an IPO. Infarm did not initially make a statement.
Infarm has apparently commissioned the investment bank Goldman Sachs to investigate the possibility of an IPO via a Spac. The start-up is aiming for a valuation of one billion US dollars, as the news agency Reuters reported, citing insiders. When asked by the agency, neither Infarm nor Goldman Sachs wanted to comment on the matter.
Infarm was only able to raise 100 million US dollars from investors at the beginning of March. The money came from existing investors Atomico and Hanaco Ventures. The start-up has been working on vertical farming since 2013, which requires no pesticides and only a small amount of water and cultivation area. To this end, the start-up is setting up farms in city centers, including in supermarkets and restaurants.
More and more young companies are now planning to take the shortcut to the stock market via a Spac. The empty companies already listed on the stock exchange that are looking for a start-up to take over are quite controversial .
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