SPACs
Latest
Asset management firms build in ECM
While Amundi’s new ECM desk seeks the best investor roles from lead banks, Bernstein Research sees the chance for a new kind of ECM business.
Infographic | Spacs: the story since 2020
Explore Euromoney’s infographic on activity by special purpose acquisition companies over the last two years.
Rates volatility unlikely to dampen demand for securities lending
Securities lending enjoyed a good year in 2021 and, despite the prospect of rate hikes, corporate M&A activity offers cause for optimism for 2022.
Opinion
Long Read
After a wild year, Spacs are growing up
The volatility of 2020 has pushed listings of special purpose acquisition companies to record levels. But the gradual shedding of their fly-by-night reputation is also driving the surge.
More on Spacs
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Must all former chief executives eventually form a special purpose acquisition company? -
Anchor investors usually come into a Spac through a pre-merger Pipe deal. But the latest Europe-focused vehicle has brought them in from the very start.
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Goldman’s chief executive David Solomon isn’t impressed by Spac deals from Credit Suisse and Citigroup.
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An abundance of low-cost finance and soaring stock market valuations are driving M&A towards record levels. But as M&A fever spreads, so riskier deals based on more dubious logic are appearing.
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SoFi had plenty of options, so its choice of a Spac validates that structure for listing and raising capital. Can it now challenge the biggest US banks?
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Gary Gensler could start his tenure running the Securities and Exchange Commission with a dramatic flourish by taking steps to burst the bubble in special purpose acquisition companies.
