SPAC IPOs and Mergers Slow ‘Considerably’ in Q2: Report

SPAC

The initial public offerings and M&A announcements involving SPACs slowed considerably from the prior quarter, S&P reports. SPAC IPOs as a percentage of traditional IPOS fell to 26.7% in Q2 2021, the lowest level since 25.5% in Q3 2019. That slowdown is largely due to the SEC’s new position on SPAC accounting for warrants, the report says.

However, deal announcements from corporates and private equity firms helped keep 2021’s M&A activity on a pace that is well above historic norms. Read more.

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