Direct listings grew this year, but slowly, like a house plant, Barron’s reports. Meanwhile, initial public offerings and special-purpose acquisition mergers exploded: Dealogic says 942 companies have gone public in 2021, including 383 IPOs and 599 SPACs. Direct listings? Just seven. Read more.
Related Posts
SPAC Bill Curbing Marketing Advanced by Key U.S. House Panel
The House Financial Services Committee cleared a proposal today that would ban Wall Street from marketing blank-check companies to retail investors.
Okada Manila Flap Highlights Risks of Foreign SPAC Deals
The deal was slated to be finalized at the end of June. But it suffered a setback when, in late May, billionaire Kazuo Okada attempted to physically seize control of the resort bearing his name.
VinFast’s SPAC Partner for US Listing Extends Lifespan by 12 Months
The vote gives Hong Kong-based Black Spade until July 20, 2024 to complete a merger. Shareholders have not yet voted on the deal with VinFast.
SPACs Shift to More Obscure Exchanges to Keep Deal Dreams Going
At least seven SPACs have down-shifted to stock exchanges with more lax requirements this year after the vast majority of investors pulled out their money.