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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...

The Tell A surge in ‘blank check’ companies this year could drive $300 billion in M&A in 2021–’22, forecasts Goldman Published: Dec. 14, 2020 at 11:39 a.m. ET By Goldman Sachs declares 2020 the year of the SPAC after a record $70 billion in IPO proceeds 2020 has delivered a bumper year for SPACs, or blank-check companies, in the midst of a broader bull market that has seen the S&P 500 rise nearly 14% to date. Getty Images Email icon It has been the Year of the SPAC, according to Goldman Sachs, and the next two years are likely to see the ri...