The “world’s first dedicated space VC fund” is working with banks on plans for a London flotation”, Sky News said.
Sky News has learnt that an arm of Seraphim Capital is working with bankers on plans for a public share sale that could raise in the region of £250m, the news channel said.
Sky News cited London “City sources” that said that Deutsche Bank and JP Morgan were working with Seraphim on its initial public offering (IPO). Details could be confirmed within the next few weeks, Sky News said.
Seraphim’s portfolio comprises nearly 20 companies, including a stake in Arqit, a British-based quantum encryption company which last month announced a $1.4bn merger with Centricus, a New York-listed special purpose acquisition company (SPAC).