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.

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