ANALYSIS: SPACs – Back & On Track to Challenge Traditional IPOs

Rehabilitating its image from shady to superlative, Special Purpose Acquisition Companies, or SPACs, have become a force in the initial public offering (IPO) market.

Speaking at the industry’s SPAC Conference 2020 in New York on Feb. 6, Mitch Nussbaum, a partner with the law firm Loeb & Loeb LLP, said SPAC IPOs are gradually ranking with traditional IPOs, as more issuers are selecting SPACs as their chosen path of going public. Doug Ellenoff, name partner of Ellenoff Grossman & Schole LLP, the leading SPAC-advising law firm per Bloomberg 2019 League Tables, declared that SPACs no longer have ...