Year of the SPAC: Blank check IPOs are on track to complete more than 1,000 offerings in 2021

2021 is shaping up to be the “Year of the SPAC.”
So far this year, 176 SPACs have raised $49.5 billion, a huge leap from the 10 that raised $2.6 billion by this time last year. SPACs are outpacing traditional IPOs at a rate of three-to-one, and averaging 3.1 deals perRead More