Why the SPAC Boom Fizzled | WSJ What Went Wrong
October 31, 2022
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5:47Now PlayingWhy the SPAC Boom Fizzled | WSJ What Went Wrong
YouTube Description
as posted by the channelIn March 2021, special-purpose acquisition companies raised $36 billion. In July 2022, no new SPACs raised money.
At their peak, SPACs accounted for 70% of all IPOs, with $95 billion raised. But now, the market has dried up and shares of companies that did SPAC deals have crashed. WSJ explains the decline of the IPO vehicle.
Illustration: Ali Larkin
What Went Wrong explores the challenging conditions and decisions that led to a company's downturn.
#WSJ #SPACs #IPO
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