Billionaire Bill Foley is SPAC Market’s Overlooked Star: WSJ

William Foley II

Fast-trading, social-media-obsessed investors have driven the SPAC craze. One of the biggest SPAC creators is a staid insurance executive who wants nothing to do with them, The Wall Street Journal reports.

Billionaire Bill Foley, owner of the Vegas Golden Knights team in the National Hockey League, has bypassed unproven electric-car makers and speculative space companies and instead focused on solid, sustainable businesses. Read more.

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Japan Mulls Allowing SPAC Listings, Nikkei Says

The country’s Financial Services Agency, its Ministry of Economy, Trade and Industry and the Tokyo Stock Exchange will reportedly begin discussions this summer. The cabinet plans to include the issue in its growth strategy plan in June.