They have been around since the early 2000s, but special purpose acquisition companies have started to become all the rage in the field of initial public offerings.
You see, in 2015, only 20 of these companies, or SPACs, went public. That number went to 59 in 2019.
Now, more SPACs have gone public in 2020 than all of 2019 and they are growing in popularity.
In this episode of The Bull & The Bear, I’ll look at SPACs and what they mean for investors.
I’ll tell you why SPACs have been in the headlines of late and why companies are leaning into them to raise capital.
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