UAE: Are SPACs the next tech boom in the making? Know what are they and how do they work
Dubai: In the past many months, almost since 2021 began, there have been several mentions of the word ‘SPAC’ in the world of business and investments. So there is a need to de-jargonise what it means to an average stock market investor. With the recent developments surrounding SPACs, it is now commonly referred to among analysts as ‘a 2020s echo of the dot-com mania of the 1990s’ – making it a concept that sparks investor attention and drives a need to know about it in detail as a possible investment opportunity. But first, what is a SPAC? What is a SPAC? A special purpose acquisit...
Source: gulfnews.com