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.
