After a wild year, Spacs are growing up
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CAPITAL MARKETS

After a wild year, Spacs are growing up

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The volatility of 2020 has pushed listings of special purpose acquisition companies to record levels. But the gradual shedding of their fly-by-night reputation is also driving the surge.

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

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Deputy editor
Mark Baker is deputy editor. Prior to joining Euromoney magazine he was based in Hong Kong as managing editor, Asia, for the Capital Markets Group. He previously edited EuroWeek magazine and was also deputy editor at International Financing Review.
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