Asset management firms build in ECM
While Amundi’s new ECM desk seeks the best investor roles from lead banks, Bernstein Research sees the chance for a new kind of ECM business.
Infographic | Spacs: the story since 2020
Explore Euromoney’s infographic on activity by special purpose acquisition companies over the last two years.
Rates volatility unlikely to dampen demand for securities lending
Securities lending enjoyed a good year in 2021 and, despite the prospect of rate hikes, corporate M&A activity offers cause for optimism for 2022.
After a wild year, Spacs are growing up
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.
More on Spacs
Donald Trump tried to launch a special purpose acquisition company just before the 2008 financial crisis, but hold-ups derailed the deal. A current attempt faces fresh challenges.
Spac sponsors in Europe are now offering a modest yield to investors for their cash and making part of their own promote performance-related. This has led to the completion of a couple of new listings in the region.
Trading in sterling, listed on Amsterdam, searching for value not growth, offering higher rewards to investors, Europe’s first special purpose acquisition company in months is a ground-breaker.
As US Spac deals start to slow after an extraordinary first quarter, any new growth must come from outside the US
The Israeli fintech grew fast through the pandemic turmoil. As it prepares a full launch in the US, it will be listed on Nasdaq, but not through an IPO.
Eagerly courted high-growth private companies will likely go to experienced Spac sponsors that know the route to high valuations.