Rosewood Targets SPAC Listing

Rosewood Hotels & Resorts

Luxury hospitality firm Rosewood Hotel Group could raise as much as $400 million from special purpose acquisition company (SPAC) listing, according to Reuters.

SPACs, sometimes known as blank-cheque companies, offer businesses an alternative way to raise capital and list on stock exchanges.

Rosewood is led by CEO Sonia Cheng and manages more than 25 properties across 16 countries.

Credit Suisse and JPMorgan are reportedly being lined up to lead the listing.