Spac craze continues with new education tech IPO

Aidan Gregory

September 29, 2020 12:45 pm

Nasdaq__2_PA_575_375 — (200904) -- NEW YORK, Sept. 4, 2020 (Xinhua) -- Pedestrians walk past the New York Stock Exchange (NYSE) in New York, the United States, Sept. 3, 2020. U.S. stocks plunged on Thursday, as a steep sell-off in tech shares dragged down the market. The Dow Jones Industrial Average fell 807.77 points, or 2.78 percent, to finish at 28,292.73. The 30-stock index shed more than 1,000 points, or about 3.5 percent, at the lows. The S&P 500 fell 125.78 points, or 3.51 percent, to end at 3,455.06. The Nasdaq Composite Index sank 598.34 points, or 4.96 percent, to 11,458.10. (Xinhua/Wang Ying) | Wang Ying/Xinhua News Agency/PA Images

The booming IPO market for special purpose acquisition companies (Spacs) is continuing with a new London-based blank cheque company focused on education technology.

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Aidan Gregory