One-hundred and twelve SPACs, aka "blank-check firms," have raised more than $40 billion so far this year.One of Wall Street's most talked-about trends is the wave of special-purpose acquisition companies, or SPACs, that have launched IPOs at such a torrid pace that they're on track to raise more than triple last year's totals.
One-hundred and twelve SPACs, aka "blank-check firms," have raised more than $40 billion so far this year, according to the website SPAC Research. There are now 183 shell companies with $57 billion to spend on bringing other companies public, the data provider said.increasingly pitching blank-check companies to investment platforms and wealthy people. Asset managers like Fidelity, T.
Historically, SPACs have been used as an alternate way into the public markets for companies that didn't have the governance threshold to attract investors in a traditional IPO, or a last-ditch effort for investors to exit their stake. The traditional process requires filing a prospectus, engaging with the SEC and facing scrutiny from discerning investors.
Inevitably, that meant the deals didn't always work out well and the market had a history of failures and occasional cases of fraud. In 2005, for example, the SEC removed some protections afforded other entities after some of the shell companies were implicated in fraud, according to a Harvard Law School As the market has gained more respectability, the names of the players driving its growth have changed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside MatPat's Game Theory YouTube strategy and business: interview - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Top SPAC bankers, lawyers, and investors behind the blank-check boom - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Playboy joins SPAC frenzy, to go public after nearly 10 years private - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. TheOnion
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider webinar on the race for a coronavirus vaccine - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Still struggling with forex trading or becoming A Profitable trader? I can help you invest in forex, without sending money to anyone, No need to pay for Signals, learn how to invest and generate income all by yourself. Inbox me for more info.📊📈 USA’s cultural traditions are proving deadlier since Spring Break parties in East & Southeast beaches caused hot spots of Covid19 in Spring 2020. Now Football, tailgating and Homecoming parades most likely bring Covid19 spikes this Fall. What is it with this cultural thing?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Investing strategy: Ex-Goldman trader shares stock picks, top ideas - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »