Tag: SPAC

When the investment story of 2020 is written, it will be a thick volume - a global pandemic, an uncanny rebound in stocks and aggressive interventions by the Fed. But there will also be a chapter on the return of the Special Purpose Acquisition Company (SPAC), a deal structure last seen about a decade ago that is enjoying new popularity. More than $30 billion has been raised in SPAC offerings so far this year, with more expected in the fourth quarter. Several factors are driving the growth - an abundance of highly valued private companies, investors hungry for returns in a world of l... Read More