The boom in SPACs that upended capital markets over the past year has come down to earth, but deal makers at the long-awaited DealFlow SPAC Conference say they are confident these alternative funding vehicles will have staying power despite regulatory and market headwinds.
More than 600 market participants gathered at the two-day SPAC Conference at the Westchester Country Club in Rye, New York, reports Law 360, attracting a mix of lawyers, investment bankers, accountants, business founders and other professionals.
The event marked the first SPAC Conference, hosted each year by DealFlow Financial Products, since the coronavirus pandemic began, which ignited a whirlwind 15 months or so for the market.
Initial public offerings by SPACs surged to exceed traditional IPOs in the past year, providing many companies an alternative way of going public.
Some target companies may find the merger route to be a more certain path to public markets than a traditional IPO. Economic uncertainty triggered by the coronavirus pandemic further fueled interest in SPACs, which have been around for decades but skyrocketed in 2020. Read more.
