Bloomberg Law
Oct. 7, 2020, 8:24 AM

ANALYSIS: SPACs Rise to Parity With Traditional IPOs During Q3

Preston Brewer
Preston Brewer
Legal Analyst

SPAC IPOs firmly crossed over from a niche mania to mainstream in the third quarter. Initial public offerings for special purpose acquisition companies, or SPACs, have essentially reached parity with traditional IPOs in both count and capital raised—an astounding rise for a once-shunned investment vehicle.

SPACs Already Tripling 2019 Fundraising Totals

Last year, the IPO market raised $69.9 billion on 249 deals, with traditional IPOs raising $56.3 billion on 190 deals. SPAC IPOs raised $13.6 billion on 59 deals, representing 23.7% of the count and 19.4% of the value of all IPOs in 2019. 2020’s IPO totals have already ...

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