The spectacle of the SPAC has preoccupied bankers on Wall Street over the past year, The Economist writes. This is in part because the vehicles are often touted by their backers as an alternative to an IPO. Big banks make meaty fees from their IPO businesses. For some, the fact that SPACs have muscled in is an unwelcome development. As voracious buyers of private firms, though, SPACs are attracting as much attention among the private-equity barons on New York’s Park Avenue as on Wall Street. Read more.
Related Posts
BTIG Expands SPAC Capital Markets Coverage
BTIG announced today that Edward Kovary Jr. has joined the firm as a managing director and head of SPAC Capital Markets.
Squarespace Expects Direct Listing This Week: Report
Website building and hosting company SquareSpace is selling 40.4 million shares in a direct listing.
Digital World CEO Said to be Courting Small Investors for Extension Vote on Trump Media Deal
The CEO of Trump-tied SPAC Digital World Acquisition is said to be personally calling small retail investors in an effort to get them to vote for an extension to take the former president's media company public.
Fertitta-Spurned SPAC Settles Suit Over $33M Breakup Fee
FAST Acquisition, a SPAC backed by Ruby Tuesday founder Sandy Beall, will pay $12.5 million to resolve investor…