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SPACs, or special purpose acquisition companies, allow companies to go public outside the traditional IPO process.
The increase in SPACs and traditional IPOs could be lucrative for the PR industry as target companies, which often don't have their own investors relations division, call on public relations pros to put their business model in the best light.
ICR CEO Tom Ryan said that his firm's annual revenue increased by 20% year-over-year to $106 million in 2020 due to its work on SPACs. One of the best known IPO players, ICR advised on more than 50 SPAC deals in 2020, equivalent to about 20% of the total market.
ChinaSaudi-arabiaUnited-statesSouth-koreaLongviewCaliforniaSan-franciscoSouth-koreanChineseSaudiAustin-russellMoira-conlonIndependence Realty Trust Appoints Lisa Washington to Board of Directors
Independence Realty Trust Appoints Lisa Washington to Board of Directors Independence Realty Trust, Inc. (NYSE: IRT) (IRT) announced today the appointment of Lisa Washington as an independent director to IRTs Board of Directors, effective January 5, 2021. The appointment increases the size of the Board from six to seven directors. Lisa brings to IRT her expertise as an accomplished legal executive and corporate officer, said Scott Schaeffer, IRTs Chairman and CEO. Lisa has more than 25 years of experience in corporate governance and public company compliance. She will add a valuable perspective to our company and be an important contributor as IRT continues to grow and deliver value for our stakeholders.
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