2021 Outlook for Booming SPAC Market and Traditional IPOs

In a 2016 paper, Lora Dimitrova of the University of Exeter Business School dubbed SPACs “the poor man’s private equity funds,” Bloomberg reports. That’s because they give ordinary investors a way to participate in the purchase of a hot company before it goes public — a perk usually reserved for the wealthy.

Forbes said itrs merger deal with Magnum Opus Acquisition is still expected to close in the first quarter.

Deal-hungry blank-check companies dashing to meet deadlines are eyeing smaller targets.