The Rise of SPACs: IPO Disruptors or Blank Check Distortions?
Musings on Markets
JUNE 9, 2021
That anecdotal evidence, though, obscures a more mixed story, and to understand it better, you have to examine SPAC investor returns in two periods, one from the time a SPAC is taken public to when it announces a merger deal , and one from the weeks and months after the merger dea l.
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