SPACs


SPAC shift to focus on value lets Bill Foley shine

SPAC shift to focus on value lets Bill Foley shine

(ATF) The special purpose acquisition company (SPAC) boom continued in the first quarter with launches at a value of around $100 billion, helping to drive a +93% rise in global M&A to $1.3 trillion. Growing numbers of SPACs are trading at discount to their nominal $10 price, however, which is …

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SEC warns on celebrity SPACs as Gensler nears approval

SEC warns on celebrity SPACs as Gensler nears approval

(ATF) The US Securities and Exchange Commission warned investors on Wednesday March 10 about special purpose acquisition companies (SPACs) that are endorsed by celebrities, as Biden nominee Gary Gensler was approved to head the agency by the Senate banking committee.Gensler will still need a full Senate vote to become the …

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New broom could sweep in SPACs to Hong Kong stock exchange

New broom could sweep in SPACs to Hong Kong stock exchange

(ATF) The new management expected at the Hong Kong Stock Exchange could see the Asian financial hub embrace the SPAC boom that has engulfed Wall Street, reports indicate.The boom in SPACs – special-purpose acquisition companies – has swept the US and brought avid interest from Asian financial centres like Singapore, …

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Arnault and Mustier take SPAC fintech boom global

Arnault and Mustier take SPAC  fintech boom global

(ATF) Former UniCredit CEO Jean-Pierre Mustier and Europe’s richest person Bernard Arnault will join French investment firm Tikehau Capital and banker Diego De Giorgo with a special purpose acquisition company (SPAC) to target European financial deals, it was announced on Monday February 15. A listing in Amsterdam underscores SPAC expansion …

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SPACs set to surge in Asia-Pacific as tech unicorns prepare for IPOs 

SPACs set to surge in Asia-Pacific as tech unicorns prepare for I

(ATF) Asia is bracing for a wave of special purpose acquisition companies as the backers of the relatively new fundraising option seek fast-growing technology firms in the region that are ready to go public.SPACs are exchange-listed shell companies that raise money through initial public offerings (IPOs) and merge with firms …

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Didi Chuxing investor SoftBank set to join SPAC boom

Didi Chuxing investor SoftBank set to join SPAC boom

(ATF) SoftBank is poised to join the “blank check” acquisition company boom, and the owner of stakes in Didi Chuxing and Paytm could boost further SPAC activity in Asia.Special purpose acquisition companies, or SPACs, are proving to be one of the hottest fundraising trends of the year, with over $50 …

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