Concern grows about overheated Spac IPOs

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Concern grows about overheated Spac IPOs

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J2AB4K The New york Stock Exchange on the Wall street in New York. | Alamy Stock Photo

A staggering amount of capital has been raised by special purpose acquisition companies this year, but there is growing concern that the glut in supply will lead to many of the vehicles overpaying for M&A targets or being unable to find companies to buy.

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