2 days ago • Posted by William Ramstein
$88B in proceeds raised in SPACs YTD... that's 22X from same quarter last year!
2020 was thought to be the year of SPACs, yet initial public offerings (IPOs) of SPACs in Q1 2021 overtook all of 2020. During the first three months, SPACs raised a total of $88.5 billion in capital from IPOs, nearly 22x more than the $4 billion raised in 2020. During the this first quarter alone, there were 320 blank-check companies that went public globally which is 10x more than the same quarter prior year.