SPACs could drive almost a trillion dollars in deals in the next two years, Financial News reports, citing a research note from Goldman Sachs.
Goldman analysts said they estimate $129 billion of SPAC capital is “currently searching for a target.”
“This level of M&A deal volume will be achieved provided today’s active SPACs find targets, close deals, and future acquisitions are structurally similar to transactions announced year to date in 2021,” the analysts, including chief US equity strategist David Kostin, wrote in a April 21 note. Read more.
