Every time it seems like the SPAC bubble has burst, a slew of companies say they’re going public via a blank-check merger, CrunchBase reports.
After experiencing a slowdown earlier this year, SPAC deals are still happening and the number of companies going public through a SPAC make up a significant portion of the overall total of companies that went public this year.
CrunchBase ran the numbers to compare the median age of a VC-backed company going public via SPAC versus a VC-backed company going public through an IPO or direct listing. As it turns out, companies going the SPAC route are around three years younger than companies that went public through an IPO or direct listing.
The analysis includes U.S.-based venture-backed companies that went public this year on the Nasdaq or New York Stock Exchange. Biotechs, which frequently go public very early on, were exclused — as well as most companies that raised venture funding before being acquired by a private equity firm and then taken public again. Read more.
