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By Maxim MANTUROV, Head of Investment Research at Freedom Finance Europe
Special purpose acquisition companies (SPACs) have long been part of the investment landscape, but this market has boomed in recent years. As well-known underwriters and investors show increased interest in the initial publication offerings (IPOs) of blank-check companies, SPACs have been pushed to the forefront of the agenda and there is even discussion around whether these will outpace the traditional IPO. Essentially, SPACs have become a very viable alternative for many private companies.
The SPAC boom is best exemplified by recent research from Refinitiv, which found that SPACs have raised $79.4bn globally since the start of the year, eclipsing the $79.3bn that...
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