(Reuters) – Special purpose-acquired companies have raised a record $ 100 billion through IPOs so far in 2021, according to data from Refinitiv, in what has been Wall Street's biggest gold rush in recent years.
About 341 global SPAC IPOs have been released to the market since the beginning of this year, with US-listed SPACs dominating the market, according to the data.
"In the midst of all the uncertainty caused by the pandemic, SPACs became a good alternative for access to public markets compared to the more difficult and longer traditional IPO," says Lucille Jones, Deals Intelligence Analyst at Refinitiv.
However, as SPACs and shell companies become popular, the US Securities and Exchange Commission is stepping up scrutiny against them and raising funds through a listing to acquire a private company for the purpose of making it public. has opened
"The pace of new listings has slowed considerably since the peak in March. since June 2020, "Jones added.
Last month, the regulator issued a book SPAC, which questioned whether warrants issued by hundreds of SPACs could be considered as equity instruments, while suggesting that many SPACs may need to revise their financial statements to report the warrants as a liability. Catalog [1