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Last year 613 Special Purpose Acquisition Companies (SPACs) went public in the United States. In doing so, they raised almost as much money as did traditional IPOs domestically. While the pace has declined slightly since a booming first quarter of 2021, there's no sign that SPAC offerings will slow down in the short term.
The trend's persistence flies in the face of skepticism among experts who highlight the costly fees inherent to SPACs’ structure, their corporate profit-generation ability, and the potential fallout from new government regulations. In other words, SPACs are an extremely expensive way to take a company public. Read on for why experts believe the SPAC trend is bound to end eventually, but not before finding success in some hot, trending industries. |
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