Backed by SPACs, IPOs Hit New Heights in 2021
Harvard Corporate Governance
MARCH 24, 2022
The global IPO market made up for lost time in 2021. A proportion of last year’s activity reflected pent-up demand, with new issues that might have taken place in the previous year deferred until 2021. By volume, IPO activity rose 73 percent compared to 2020; by value, 2021 was 81 percent ahead. SPACs) raised US$601.2
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