The once red-hot SPAC market continues to be touch and go, at best. Third quarter to-date, an average of six SPAC [special purpose acquisition company] IPOs have raised $1.2 billion in total capital each week, according to fresh data out of Goldman Sachs on Thursday. That pace is down sharply from the boom period seen in the first quarter, when an average of 21 SPACs raising $6 billion in capital came to market each week. Goldman points to increased regulatory concerns — in part fueled… Source link
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