Why SPAC Investors Should Listen to the Market
Special purpose acquisition companies (SPACs) have raised around $22bn from investors since 2003, and comprised 20% of total funds raised in US IPOs in 2007. SPACs are interesting structures - allowing investors a risk-free option to invest in a future acquisition. However, we show that more than on...
| Main Authors: | , |
|---|---|
| Format: | Journal article |
| Published: |
2011
|