Goldman Sachs' guide to the hot SPAC market and why investors should be careful

CNBC Pro subscribersFor investors wanting to cash in on this year's boom in the so-called blank check companies, Goldman Sachs said look before you leap.

It's been a mania in SPACs, or special purpose acquisition companies, as businesses shy away from the traditional initial public offering market roiled by the coronavirus pandemic and wild volatility. So far in 2020, there have been 51 SPAC offerings, raising a record $21.5 billion, up 145% from the same period a year ago, according to Goldman.

Pro Every time I see Bill I can't but think how brave he was to run into a mean locker room to get his father. He truly is one of the unsung heroes of the world.😂😂😂🤣🤣🤣

Pro SPAC Just remember, this is a pig in a poke. As they expand the possibility of buying into Large Liability Corporation increases.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market crash risks after COVID-19 vaccine is available: SocGen - 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. HEPA and NBLX are my stock picks. Great buy. Good outlook.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The day-trading boom is a 'welcome phenomenon,' and has actually helped to reduce market volatility, a veteran Wall Street trader says | Markets InsiderA veteran Wall Street investor says the rise in day trading is a 'welcome phenomenon' and has helped decrease market volatility, Bloomberg repor...
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why the housing market may not see a V-shaped recovery - 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. CLICK BAIT POST
Source: BusinessInsider - 🏆 729. / 51 Read more »