Public Listings by Zero-Revenue Companies Valued above $1B Exceed Dot-Com Era: Report

Wall Street

There are now more zero-revenue public listings valued at over $1 billion planned for 2021 than there were in any year during the dot-com era, Markets Insider reports.

Much of the boom is due to a SPAC explosion; 170 SPACs have already gone public this year.

According to data from the investment firm Accelerate, “if the current pace continues, we could see over $300 billion of capital raised in over 1,000 SPAC IPOs in 2021.” Read more.

Total
0
Shares
Related Posts
IPO
Read More

Bilander Acquisition Completes $150M IPO

The SPAC also has forward purchase agreements with institutional investors that provide for the aggregate purchase of at least $50 million of additional Class A common stock at the IPO price.