After a wild year, Spacs are growing up

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Spacs: Out of sight, but not out of mind

Lost in Spacs

Credit Suisse shouldn’t stop at a three-way split

Fear and exuberance are rarely parcelled out rationally. Having fallen more than 80% in the year to December 2018, Bitcoin has since risen 450% to a record of nearly $20,000 on November 30, 2020.

But after a year in which IPOs of special purpose acquisition companies (Spacs) leapt to a record level, it is these vehicles that often get the bad press.