An analyst note from S&P Global Market Intelligence says companies that listed on public markets this year via SPAC deals may underperform technology firms that underwent traditional initial public offerings this year.
Nearly one-third of startups bought by SPACs this year anticipate top-line growth of less than 15 percent in 2021, The Wall Street Journal reports, citing 451 Research, a unit of analytics provider S&P Global Market Intelligence. Read more.
