Betsy Cohen, a SPAC pioneer, said the hottest acronym in finance ought to go global, Bloomberg reports.
While she doesn’t think SPAC opportunities in the U.S. have dried up, investors should be looking abroad, Cohen said during a webinar hosted by the Economic Club of New York.
“We can do SPACs that are more European-centric, Asian-centric,” said Cohen, chairman of SPAC investment firm FinTech Masala. “We have to be packing our bags — either electronically or actually.”
Cohen, 79, was an early adopter of the SPAC, starting her first in 2015. In the time it took Wall Street to warm up to SPACs — blank-check companies designed to connect private companies to public capital markets — she’s launched nine, with a 10th coming soon. Read more.
