Yubico gets SPAC:ed

Yubico, makers of multi-factor authentication hardware, will be acquired by the SPAC ACQ Bure for $800 million and be listed on Nasdaq First North.

Björn Jeffery writes about the deal in SvD (in Swedish).

I’m surprised at the quality of company ACQ Bure is acquiring. Yubico is a world leader in its space with $150 million in sales and profitable.

It’s stranger why Yubico shareholders want to sell in a tough market at not a high valuation. Do they think that the slower sales (3% y-o-y in Q1) excluding currency effects will continue?

Author: Henrik Torstensson

Partner at Alliance VC. Investing in Nordic early-stage tech startups.

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