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Bloomberg.com reports SPACs are booming again after a five-year lull
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Heartspace News Desk
•Source: Bloomberg.com
Photo by Andreas Weiss on Unsplash
TL;DR
SPACs, speculative investment vehicles popular five years ago, are experiencing a resurgence by raising capital to acquire private companies. Tech investor Chamath Palihapitiya is returning to this space, and Donald Trump's sons are advising a SPAC focused on acquiring a manufacturing company.
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Key takeaways
- Special purpose acquisition companies (SPACs), speculative investment vehicles that gained prominence five years ago, are undergoing a renewed surge in activity
- These "blank check" companies, lacking an existing business, raise capital from investors with the intent of acquiring private companies, providing them with an expedited route to the public markets
- This resurgence is attracting notable figures, including tech investor Chamath Palihapitiya, who was a prominent advocate during the SPAC boom of 2020-2021
Special purpose acquisition companies (SPACs), speculative investment vehicles that gained prominence five years ago, are undergoing a renewed surge in activity. These "blank check" companies, lacking an existing business, raise capital from investors with the intent of acquiring private companies, providing them with an expedited route to the public markets.
This resurgence is attracting notable figures, including tech investor Chamath Palihapitiya, who was a prominent advocate during the SPAC boom of 2020-2021. Furthermore, Donald Trump's eldest sons are serving as advisors for a SPAC focused on acquiring a manufacturing company.
Related Topics
SPACsspecial purpose acquisition companiesinvestment vehiclesfintechmarket trends
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