In a Law360 outlook article, capital markets partner Paul Tropp (New York) discussed the vibrant SPAC IPO market. The article highlights Ropes & Gray’s work on approximately two dozen special purpose acquisition company IPOs, including the firm’s representation of Pershing Square’s underwriters in a record-breaking $4 billion SPAC IPO.
Paul notes that the SPAC IPO pipeline is extremely crowded across industries, including in sectors with young and emerging companies like technology and life sciences, and there are some high quality sponsors looking to bring out SPACs in the fall.
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