The King Of Spacs Is Back - Data Intelligence

Is the SPAC Comeback for Real?

Just two years after the SPAC (special purpose acquisition company) market was practically left for dead, these blank check companies are back with a vengeance. But can SPACs, whose shares since 2009 have lost about half of their value on average, finally deliver for investors?SPAC sponsors are hoping that is the case. So far this year, 63 SPACs have filed for initial public offerings worth $12.8 billion, according to SPACInsider. That’s triple …

The King Of Spacs Is Back - Data Intelligence

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chamath Palihapitiya is back! The self-styled “Spac King”, whose blank-cheque deals incinerated billions of investor dollars, has announced he’s “probably” launching another one. That’s despite an abysmal record and the overwhelming thumbs-down verdict of a 58,000-person X (formerly Twitter) poll. “The last time wasn’t a …