Is 2021 the Year Of SPACs In Asia? What You Need To Know | Morrison & Foerster LLP
To embed, copy and paste the code into your website or blog: Special Purpose Acquisition Companies (“SPACs”) played a critical role in U.S. capital market growth in 2020. There were 248 SPACs launched, raising an aggregate of $83 billion in proceeds. The beginning of 2021 witnessed an acceleration of SPAC activity. In January and February alone, roughly $60 billion was raised by 189 SPACs. Although SPACs have been in existence for over 30 years, it is only fairly recently that SPACs have come to be viewed as a legitimate alternative to a traditional U.S. IPO. The explosion of SPACs in 202...
Source: jdsupra.com