Company Insiders Made Billions Before SPAC Bust

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The SPAC boom cost investors billions. Insiders in the companies that went public were on the other side of the trade

At their peak, SPACs accounted for 70% of all IPOs. But now, the market has dried up and shares of companies that did SPAC deals have crashed. WSJ explains the decline of the IPO vehicle. Illustration: Ali LarkinCopyright ©Continue reading your article with.

At their peak, SPACs accounted for 70% of all IPOs. But now, the market has dried up and shares of companies that did SPAC deals have crashed. WSJ explains the decline of the IPO vehicle. Illustration: Ali LarkinCopyright ©Continue reading your article with
 

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