Touted as a better way to take companies public, SPACs raised more equity in 2020 than over the entire preceding decade. The Wall Street Journal reports, however, their research suggests that this trend will end poorly for a large majority of investors.
Over an 18-month period the WSJ found that SPACs completing a deal lost 12 percent of their value, on average, within six months of the merger while the Nasdaq rose 30 percent. Read more.
