Real Estate SPACs Scramble to Find Buying Opportunities
The outpour of capital deluging the SPAC space is stirring speculation about a potential tidal wave forming. WeWork is among the growing list of firms cashing in on the SPAC feeding frenzy. The company announced in late March that it had signed a merger agreement with BowX Acquisition Corp. The deal gives WeWork a welcome path to the public market after pulling plans for a traditional IPO in 2019. The SPAC merger is expected to help the coworking firm raise $1.3 billion that it will use to finance future growth. WeWork also is the latest deal highlighting how the white hot SPAC market...
Source: wealthmanagement.com