SPAC deals now are rehabbed and swapped for failed IPOs
SPAC deals now are rehabbed and swapped for failed IPOs
Move over, IPOs, SPACs are becoming more popular.
Special-purpose acquisition companies, once a last resort for owners looking to exit an investment, have become a popular choice for private companies spooked by the swings in the regular IPO market. The volume of SPAC deals hit an all-time high in 2019.
Instead of...