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2 mins read
The red-hot SPAC market is cooling off as first-day trading spikes evaporate
14 out of 15 SPACs that went public last week traded below their $10 IPO price as the red-hot SPAC …
Will Daniel  Â
2 mins read
The SEC warns investors of buying celebrity-backed SPACs as the blank-check craze persists
John Coates, Acting Director of the SEC's Division of Corporation Finance said the regulator is tak…
Will Daniel  Â
1 min read
SPAC activity may be peaking right now and will slow for the rest of 2021, JPMorgan says
"This year's acceleration in SPAC activity...is more reminiscent of a peak rather than the beginnin…
Emily Graffeo  Â
7 mins read
A SPAC is a high-risk but potentially profitable way to get in on the ground floor of a new stock — here's everything investors need to know
A SPAC (Special Purpose Acquisition Company) is a company created solely to buy another firm and ta…
Martin Daks  Â
5 mins read
The SPAC market is booming, but there are plenty of bad buys. Here's what 8 experts say investors should be looking for in their next SPAC investment.
The recent SPAC boom has brought a wave of investors into risky early-stage businesses - and expert…
Emily Graffeo,Will Daniel  Â
2 mins read
SPAC boom fades as ETFs tracking blank-check firms crater amid risk-off sentiment
More than 200 SPACs have debuted so far in 2021, raising $70 billion, nearly eclipsing the amount S…
Matthew Fox  Â
1 min read
3 stats that show just how much investor appetite for SPACs has declined
As interest rates climb, most SPACs have underperformed the market, along with other high growth, l…
Emily Graffeo  Â
2 mins read
Billionaire investor Barry Sternlicht says the SPAC market is 'out of control' and Wall Street won't regulate because they are making too much money
Billionaire investors and SPAC sponsor Barry Sternlicht said the market for the blank-check firms i…
Will Daniel  Â
2 mins read
Hundreds of SPACs have over $1 trillion in purchasing power following a boom in the blank-check firms amid the pandemic
In just the past week, 24 SPACs went public and more of the blank-check companies have already debu…
Matthew Fox  Â
1 min read
A major hedge fund warns of the 'awful returns' generated by SPACs - and says it's ramping up short bets against blank-check companies
In a newsletter addressed to investors, Paul Marshall said that the SPAC market is overrun with "pe…
Isabelle Lee  Â
1 min read
UBS has reportedly barred its advisors from pitching certain SPAC stocks to wealth management clients
UBS is said to be allowing its advisors to trade SPAC stocks for clients only on an unsolicited bas…
Matthew Fox  Â
2 mins read
The competition for SPAC mergers is intensifying, with 260 blank-check firms facing deadlines in the next 18 months, report says
Only two of the 23 SPACs that announced a deal in May were trading above their IPO price by the end…
Matthew Fox  Â
2 mins read
JPMorgan is calling the top for SPACs - and says declining day-trader interest is to blame
"SPACs come and go in waves, as they exhibit boom and bust cycles," JPMorgan said in a Wednesday no…
Matthew Fox  Â
3 mins read
The SPAC boom is losing steam. Here are 3 signs the high-flying market is coming back down to earth.
The recent price performance of blank-check companies may indicate the SPAC frenzy is fading, thoug…
Emily Graffeo  Â
2 mins read
219 'blank-check' companies raised $73 billion in 2020, outpacing traditional IPOs to make this the year of the SPAC, according to Goldman Sachs
The biggest SPAC of the year goes to Bill Ackman's Pershing Square Tontine Holdings, which raised $…
Matthew Fox  Â
1 min read
SPAC returns don't warrant the 'hype' they're getting, SEC Chair says
The acting SEC chair also said that the agency is going to closely look at "the structural and the …
Isabelle Lee  Â
3 mins read
'SPAC King' Chamath Palihapitiya says blank-check companies need more oversight and regulation
"It is time to improve the regulations around the SPAC ecosystem with clear and rigorously enforced…
Will Daniel  Â
2 mins read
Nearly 600 IPOs rolled out globally in the second quarter, dominated by traditional listings while SPAC activity cooled, says EY
Traditional IPOs boomed in the quarter while SPAC formation slowed, partly due to heightened scruti…
Carla MozĂ©e  Â
2 mins read
SPACs are trying to stand out in a sea of blank-check listings. Here's what 4 high-profile backers are doing to make their IPOs more attractive to investors.
Over 130 SPACs have debuted already in 2021, and the field is becoming crowded. Some blank-check fi…
Isabelle Lee  Â
2 mins read
The SPAC boom has become a 'mania' and sponsors should be more tethered to growth projections, former NYSE President Tom Farley says
Former NYSE President Tom Farley said SPACs have become a "mania" and valuations are "untethered fr…