Number of the Day

The SPAC Attack, by the Numbers

Everyone’s favorite new route to going public is having quite a year

Marker # of the Day: 46% — The share of the $103 billion raised in IPOs this year that went to SPACs. Source: Dealogic
Photo illustration, source: Michael Raines/Moment/Getty Images

46%: That’s the share of the $103 billion raised through October 2 in U.S.-listed initial public offerings this year that went to Special Purpose Acquisition Companies, or SPACs, according to financial data provider Dealogic.