Monday, 26 Jul 2021

In Defense of SPACs

These complex takeover vehicles serve an important purpose that’s worth protecting.

By Steven Davidoff Solomon

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Special purpose acquisition companies, better known as SPACs, have single-handedly revived the market for initial public offerings, taking small companies public by the dozens. So far this year, there have been roughly twice as many listings of these blank-check companies as traditional offerings.

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