The art of the SPAC: from sublime to ridiculous

If beauty is in the eye of the beholder, those with a hand in the SPAC market are seeing quite a pretty picture. More than 300 U.S. special-purpose acquisition companies have listed already in 2021, according to Refinitiv, outpacing previous records at this stage in a calendar year by more than 10-fold. They have minted billions for their creators and put an indelible contemporary spin on how companies go public. READ MORE