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.
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.
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