SPECIAL-PURPOSE acquisition company (SPAC) is the way to go these days. Pots of capital are being raised on Wall Street by investors. Such a blank-cheque company has marshalled more money and outnumbering traditional initial public offerings (IPOs).
On last count, SPACs have raised close to US$40bil (RM164.32bil) since the beginning of 2021, against US$20bil by the old way via IPOs. Funds raised through SPACs seek out private firms to merge with, ushering smaller flaky and unknown but performing enterprise into public markets. On the surface, it looks like something serious is now taking place.
SPACs vs IPOs
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