More than 175 SPACs have gone public in 2020, raising $65 billion in capital, Marker reports. That’s more than the amount of money raised by SPACs in the last decade. The article argues that SPACs aren’t just hot because they’re the flavor of the month. They’re hot because they are filling an important hole in capital markets by providing companies with a quicker and cheaper way to go public than the traditional IPO, as well as more certainty about the price they’ll get when they sell a stake in their business. Read more.
Why a SPAC Bubble Is Good for the Economy: Report
