What's Next for SPACs
What's Next for SPACs With prices, mood, interest, IPO valuation, and deal valuations all coming down, SPAC investors are asking what comes next. Author: ** SPACs joined Tuesday's tech selloff with the average price of a pre-deal SPAC hitting $9.90 -- that's 10 cents below NAV. It's ironic that in a SPAC market that is much more rational (and tradable) than during peak SPAC earlier this year investors have lost much of their enthusiasm. Volume across the board has gone down for SPACs with an average daily volume dropping from 580,000 in February dropping to 104,000 in April. In some ways t...
Source: thestreet.com