According to Refinitiv, there were 165 global SPAC IPOs from January to October 2020, nearly double the number of global SPAC IPOs issued in 2019 and five times that of 2015, CNBC reports. Refinitiv data revealed $56 billion poured into global SPAC listings in the first ten months of 2020. The article mainly provides a basic overview of SPACS and the mechanisms by which they operate. Read more.
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