L-Dopa
Summary.
Special Purpose Acquisition Companies, or SPACs, are garnering a lot of attention lately in corporate boardrooms, on Wall Street, and in the media. And for good reason: Although SPACs, which offer an alternative to traditional IPOs, have been around in various forms for decades, during the past two years they’ve taken off in the United States. In 2019, 59 were created, with $13 billion invested; in 2020, 247 were created, with $80 billion invested; and in the first quarter alone of 2021, 295 were created, with $96 billion invested. Then there’s this remarkable fact: In 2020, SPACs accounted for more than 50% of new publicly listed U.S. companies.