SPACs were all the rage in U.S. investing this year. Could the trend return to Canada in 2021?
Article content The exuberance investors showed toward special-purpose acquisition companies, or SPACs, was one of the U.S. business trends of 2020. The last year has seen some of the country’s best-known investors, including hedge-fund owner Bill Ackman and venture capitalist Chamath Palihapitiya, launch SPACs of their own, with Ackman’s Pershing Square Tontine Holdings raising US$4 billion in July, making it the biggest to date. That excitement hasn’t made it north of the border, however. This year has seen just three SPAC vehicles go public on the Toronto Stock Exchange and Neo Excha...
Source: windsorstar.com