The rise of SPACs

 In Column, Fundings & Exits, IPO, SPAC, special purpose acquisition companies, TC
 Every few years efforts to redefine the IPO emerge, and as night follows day, investors get hurt and calls for tighter regulatory reform echo in legislative chambers and cable TV studios. The last significant “re-invention” emerged in the height of the dot-com boom when online brokers started selling newly issued shares directly to retail customers. We all know how that ended. Read More

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