Apollo Global Management co-founder and newly minted CEO Marc Rowan talks about how Wall Street is changing and the future of SPACs. He spoke to Bloomberg’s Jason Kelly in a wide-ranging interview for Bloomberg Live’s Invest Talks series. Watch the video.
Question is, to what extent will it impact the appetite for SPACs as a path to public markets?
The investment banking behemoth aims to snare a bigger share of the booming number of SPAC deals in Asia by having senior bankers specifically target these blank-check transactions across the region, Reuters reports.
Founder David Einhorn in the hedge fund's quarterly report to shareholders offered some strong opinions on Chamath Palihapitiya, one of the dominant players in the SPAC space, as well as Elon Musk. Einhorn directly blames both for contributing to the GameStop short selling frenzy that dominated market headlines in January.