There are now more zero-revenue public listings valued at over $1 billion planned for 2021 than there were in any year during the dot-com era, Markets Insider reports.
Much of the boom is due to a SPAC explosion; 170 SPACs have already gone public this year.
According to data from the investment firm Accelerate, “if the current pace continues, we could see over $300 billion of capital raised in over 1,000 SPAC IPOs in 2021.” Read more.
