Like the 207 bus from Hayes to Shepherds Bush, you don’t see a Special Purpose Acquisition Company (SPAC) for ten years and then suddenly you can’t move for ‘em, coming over here and challenging the strictures of Sarbanes Oxley by offering a quick, if somewhat opaque route to IPO amid an investor environment defined by a $3trillion dry powder cash mountain awaiting a Covid-inspired collapse in asset valuations.
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Money Talks podcast: Frothy SPACs
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Like the 207 bus from Hayes to Shepherds Bush, you don’t see a Special Purpose Acquisition Company (SPAC) for ten years and then suddenly you can’t move for ‘em, coming over here and challenging the strictures of Sarbanes Oxley by offering a quick, if somewhat opaque route to IPO amid an investor environment defined by a $3trillion dry powder cash mountain awaiting a Covid-inspired collapse in asset valuations.