💥They're Real and They're SPACtacular. Part II.💥
The China Evergrande Group Pays Interest, JNJ Denied, Apple Screws & More
According to SPAC Research, there were 248 SPAC IPOs in 2020 totaling $83.4b in proceeds. While it may seem that SPACs aren’t as much of a thing in 2021 – President Trump’s new media company notwithstanding – SPAC issuance is hotter than ever (even if PIPE financing may not be). 489 SPACs have IPO’d already in 2021, raising $136.7b.
Not to state the obv…