A primer on, and significant take a look at, one in every of Wall Avenue’s hottest tendencies: particular function acquisition firms. Particular fu
A primer on, and significant take a look at, one in every of Wall Avenue’s hottest tendencies: particular function acquisition firms.
Particular function acquisition firms have been round for the reason that 1990s, however have seen a big uptick in recognition in recent times. Corporations like Virgin Galactic, Draft Kings and Nikola have modified SPAC’s repute from a software for second- and third-tier non-public fairness retailers to win charges to a legit different to preliminary public choices. In 2020, SPACs have made up roughly 40% of the IPO market.
Just lately, chatter round SPACs reached a fever pitch with the itemizing of Invoice Ackman’s Pershing Sq. Tontine Holdings – the largest-ever SPAC.
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