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: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
Oxford Finance
2009
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