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Past Event: SPACs: The Next Gen IPO or Just a Fad?

Cooley M&A

The group covered a wide range of topics during the 90-minute session, including three key themes highlighted below. Names such as Bill Ackman, TPG and Chamath Palihapitiya have entered the space with some new serial SPACers. What’s Driving the Interest in SPACs.

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The Rise of SPACs: IPO Disruptors or Blank Check Distortions?

Musings on Markets

Bill Ackman's Pershing Square Tontine SPAC, created in 2020, pointed to one possible variation, where the sponsors reduced their upfront subsidy and increased their holdings of out-of-the-money warrants, giving them a greater stake in getting a good deal done.