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By François MASQUELIER, Chairman of ATEL*
For couple of months now, we can see on the market a boom of the famous “SPAC’s”. They are massively requesting a listing before making acquisitions of targets. It looks like they play it backwards, as usually the IPO is the ultimate stage. How to explain such a plebiscite? What are the risks of such a runaway?
Alternative way to be listed
There is a mania for these Special Purpose Acquisition Companies (i.e., SPAC’s), which transformed capital markets last year. These blank-cheque companies raise money through a public listing with the promise of finding a lucrative investment target. Some stock-exchanges in Europe will certainly try to position themselves to...
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