SPACs hit $14.7 billion this year, a level not seen since 2021
Lucinda ShenSPACs are reaching heights not seen since 2021, despite their reputation as a symptom of an overly frothy market.Driving the news: 74 blank check companies have gone public via deSPAC transaction, raising about $14.7 billion so far this year, per data from SPAC Insider.And its been accelerating. 44 SPACs priced in the second quarter, compared to 10 in the same period a year prior.That puts the market on track to beat its 2022 total, when 86 companies raised $13.4 billion.Between the ...
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