The boom in blank-check companies earlier this year has lured companies to list in New York and has cut into Europe’s share of the global market for initial public offerings. Signa Sports United, a Berlin-based sports e-commerce and technology platform, is among the latest looking at this route through a special-purpose acquisition company, or SPAC.… Continue reading SPACs Bolster the U.S.’s Global Lead in IPOs
Tag: special purpose acquisition companies
Billionaire and Celebrity Endorsements Lure Retail Investors to the SPAC Craze
Kunkle, of Philadelphia, runs a website for options traders. He’s used to spending his days talking about trades with people who see themselves as being on the vanguard of investing trends. So he was struck last month when he got a text about a special-purpose acquisition company — or SPAC — from his mother, who… Continue reading Billionaire and Celebrity Endorsements Lure Retail Investors to the SPAC Craze
Endless Boom in Blank Check Companies Is Wearing Out Insurers
The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability policies for special purpose acquisition companies have been flooded by the listings that surged last year. That’s caused insurers to ratchet up their prices and seek ways to control their exposure to SPACs — moves… Continue reading Endless Boom in Blank Check Companies Is Wearing Out Insurers