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

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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