Initial public offerings of special purpose acquisition companies (SPACs) have almost ground to a halt, a rapid and spectacular reversal of one of the hottest trends in 2020 and the first quarter of 2021. SPACs’ share price performance—as reflected by the Defiance Next Gen SPAC Derived Exchange-Traded ... READ MORE >
SPAC
CHART OF THE DAY: Health care sector rides the SPAC wave
Amid the recent gyrations in the equity markets, special purpose acquisition companies, better known as SPACs, have continued to gain favor, particularly among retail investors flush with savings. And in the middle of this frenzy is the health care sector. Also known as blank-check companies, SPACs ... READ MORE >
How SPACs and direct listings are reshaping the capital markets
The volume and dollar value of public listings went on a tear last year as private companies took advantage of a bullish stock market to raise cash at attractive valuations. Activity in January indicates that this momentum has carried over into the new year with three methods of going public -- special ... READ MORE >
CHART OF THE DAY: The SPAC boom accelerates
Activity among special purpose acquisition companies has continued so far this year at its breakneck pace of 2020. With January more than half over, announced listings for SPACs have already surpassed the combined total for the first five months of last year. At this pace, January will match or ... READ MORE >
CHART OF THE DAY: December is anticipated to be the biggest on record for IPOs
Special purpose acquisition companies have been hot this year, but the traditional initial public offering is closing out the year even stronger. Performance of traditional IPOs has outpaced SPACs throughout the fourth quarter, and this month is anticipated to be the biggest December on record for IPOs, ... READ MORE >
CHART OF THE DAY: A record year for SPACs
Special purpose acquisition companies are continuing their blockbuster year, with dollars raised in 2020 already beating the total from the previous 10 years combined, according to data from Bloomberg. And with more than two months remaining in the year, the number of transactions has doubled the record ... READ MORE >
Once derided, special purpose acquisition companies go mainstream amid turbulent markets
It wasn’t too long ago that there was an order to the universe when companies wanted to go public, and the traditional initial public offering was at the top of the list. Ranking near the bottom – the province of often-questionable listings – was an investment vehicle called the special purpose ... READ MORE >