Special-purpose acquisition companies are booming on Wall Street. The investment vehicles have raised more than $40 billion in 2020 and are on track to more than triple last year’s total of $14 billion.
Business Insider features Paul Tropp as one of the “most influential players” in the SPAC IPO market. The profile highlights that Ropes & Gray has represented underwriters on more than a dozen transactions this year, including Bill Ackman’s $4 billion Pershing Square Tontine Holdings, and issuers including Dragoneer Growth Opportunities Corp.
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