It will be a busy night of SPAC IPO pricings as 11 are expected to price. Given the current, renewed pacing of IPOs (6 today!) and the outstanding supply, the market better get ready for a higher rate of liquidations and bad deals to come. We've said it before, but there simply is no reason -- other than for sponsors, banks, lawyers making money -- for the market to continue to pump out new SPACs. READ MORE
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