SPACs
Latest
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.
Opinion
Long Read
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
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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.
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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.
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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.
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Anthony Tan’s 60% control of the Singaporean fintech’s voting power shows what founders can get away with when spared the rigour of an IPO.
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As US Spac deals start to slow after an extraordinary first quarter, any new growth must come from outside the US
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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.
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Eagerly courted high-growth private companies will likely go to experienced Spac sponsors that know the route to high valuations.
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Siebert Williams Shank is a top-10 lead manager for municipal issuers. Chief executive Suzanne Shank explains how a merger and building capabilities in commercial paper, share buybacks, corporate bonds, ECM and Spacs show the firm’s determination to keep growing.
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The former head of Credit Suisse has a network of wealthy investors to provide patient capital to a target and a vision for growth from his time at Prudential.
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The former Commerzbank chief executive and co-head of wealth management at UBS heads a strong team to help company founders with running a public company.
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Singapore always knew its fintech superstar might ditch the city state’s exchange in favour of US markets. Now it looks like Grab will do so through a Spac – the biggest yet – as Asia joins the Pipe party.
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Jonathan Hill’s recommendations for UK listing reforms have dug deep into areas at the forefront of capital markets debate in 2021. Here we assess what he has to say.
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In making his long-awaited recommendations on how to improve London’s standing as a venue for raising capital, Jonathan Hill faced the challenge of how to reform while not racing to the bottom.
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IPO volumes for special purpose acquisition companies have been extraordinary since the start of 2020, but looking at them through the lens of future M&A is when they start to look most shocking.
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If bankers and investors thought they were having a hard time navigating the never-ending flow of Spacs, they should spare a thought for the regulators.
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The Churchill Capital deal for electric vehicle maker Lucid was long rumoured. The share price fall when it was confirmed raises questions for regulators.
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Just when you thought the Spac market couldn’t get any hotter, news emerges that it is now backed by its very own rap artist.
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The sponsors of a new special purpose acquisition company aimed at European financial services argue that the region is ripe for the kind of patient capital that the structure can provide.