Tag:
SPACs
Latest Headlines
Latest Headlines
The end of the SPAC?
For a brief moment not too long ago, special purpose acquisition companies seemed to be a godsend for investment banks hit by the dearth of IPOs. Lots of people seemed enamored with the concept, including Thomas O. Hicks and Ronald Perelman. But as BreakingViews.com notes, of the 66 SPACs that
Hedge funds and SPACs
Has this arbitrage opportunity already passed? SPACs were all the rage not so long ago, as one after another sold shares to the public. But then came the credit crunch and a dearth of investment opportunities for them and the activity slowed.
But hedge funds soon discovered a new arbitrage opp
No surprise: Goldman Sachs pulls SPAC offering
Goldman Sachs bowed to reality this week when it decided that it couldn't take Liberty Lane after all. The offering for the special purpose acquisition company (SPAC) was being closely watched as a test of how the once-vibrant SPAC market was holding up. As of now, it looks like the entire market
SPAC boom starting to wane
Special purpose acquisition companies were hot tickets earlier this year, a rare bright spot in the IPO market. But FINalternatives notes that the boom seems to be over--for now anyway. Many SPACs are having a lot of trouble finding suitable investments. The prospects that some will return fun
NYSE's SPAC move: Misguided?
We've spoken a lot about the rise of special purpose acquisition companies, or SPACs. They were all the rage over the past few years, as more top investment banks got involved with them. They were fees to be had, of course. But the deal environment has worsened obviously, and that is making it har
