Marker
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Marker

Why SPACs Are the New IPO

The traditional route to going public is too slow for companies that want to cash in on hype

Image: John Lund/Photodisc/Getty Images

Special purpose acquisition companies (or SPACs) have raised record amounts in the last few years. Some 28 SPACs have had IPOs this year, raising $8.9 billion, according to SPACData.com. At the current rate, that’s on pace to reach $16.5 billion by the end of the…

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Byrne Hobart

Byrne Hobart

I write about technology (more logos than techne) and economics. Newsletter: https://diff.substack.com/