SPACs have raised more money in the first three months of 2021 than all of 2020, but the market may be losing steam, Business Insider reports. The recent performance of blank-check companies has disappointed in the last month.
Also, firms and individual investors are increasingly growing cautious about the risks of SPAC investing. The articles cites these signs of clouds on the horizon:
SPAC IPO prices are fizzling
Companies that have gone public via a SPAC are also taking a hit
Cooling investor sentiment. Read more.
