Wall Street's blank check IPO frenzy | Reuters News Agency
Business & Finance

Wall Street’s blank check IPO frenzy

SPACs, or special purpose acquisition companies, were considered a backwater of the capital markets a decade ago. But in 2020, they emerged as one of the most active areas on Wall Street and have continued their surge in popularity this year, raising a record $100 billion in the first four months of 2021. However, doubts have emerged on the prospects of some companies’ ability to hit their lofty financial targets, and U.S. regulators are subjecting them to more scrutiny, dampening sentiment for future deals. Reuters has been keeping clients and readers ahead, delivering exclusive news, market moving scoops and unparalleled insight.

Article Tags
Topics of Interest: Business & Finance
Type: The Big Picture
Sectors: Business & FinanceEquities
Regions: Global
Win Types: ExclusivityImpact (Long Term)Overall CoverageSpeed
Story Types: Exclusive / Scoop
Media Types: Multimedia
Customer Impact: Major Global Story
Numbers and stock prices are displayed above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., March 16, 2020. REUTERS/Lucas Jackson - RC23LF91SNWW
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