The mergers and acquisitions boom underway will continue over the next few years as special purpose acquisition companies (SPACs) look to put to work $61 billion of unspent proceeds from their initial public offerings, according to Goldman Sachs.
Two hundred six companies have gone public through SPACs in 2020, raising a record $70 billion. Proceeds from SPACs have accounted for 52% of the record $124 billion raised by all U.S. initial public offerings. READ MORE