Concerns grow over Spac deluge

By Aidan Gregory
15 Apr 2021

The relentless flow of special purpose acquisition companies coming to the market is causing unease among investors about market saturation, with $140bn raised so far this year. Only the highest quality sponsors are likely to succeed in bringing new Spacs to IPO from now on, writes Aidan Gregory.

A staggering amount of capital has been raised by blank cheque companies over the past year, by a glittering array of sponsors, including leading figures in the banking and technology industries on both sides of the Atlantic.

This week Tio Tech, a new Spac, raised $300m on the Nasdaq, ...

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