It’s been a wild year for SPACs. What does the future hold for them? Here’s what six experts say.
It has been a wild year for special-purpose acquisition companies. Known as SPACs, these are shell companies that raise money and list shares on a stock exchange with the aim of merging with a private company.
“If you even look at 2021 and where SPACs were in January versus where they were in June versus where they were in late August versus where they are now, it’s like four very different time periods all in one year,” says Kristi Marvin, founder of data and research provider SPACInsider.We asked several experts to peer into the future. Here are edited excerpts of their predictions:“It’s still a very early stage in the asset class’s development.
— Michael Ohlrogge, an assistant professor of law at New York University and a co-author of the paper
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